Newbond Holdings acquires Aloft Tampa Downtown

Newbond Holdings announced that it has secured a $29.6 million floating-rate term loan to acquire and renovate the 130-key Aloft Tampa Downtown located at 100 West Kennedy Blvd in Tampa, Fla.

JLL represented the buyer to secure the loan through the lender, CIM Group.

The Aloft Tampa Downtown is one of only three hotels located on Tampa’s 2.6-mile Riverwalk in downtown Tampa and is at the epicenter of Tampa’s downtown growth story. The hotel is located within walking distance of Water Street, the Tampa Convention Center, Amalie Arena, Armature Works, the University of Tampa and Tampa General Hospital.