Newbond Holdings has secured refinancing for the Aloft Tampa Downtown, a 130-key hotel located in the heart of Tampa's urban core.
JLL worked on behalf of Newbond to secure a five-year, floating-rate loan provided by funds managed by affiliates of Fortress Investment Group.
The Aloft Tampa Downtown is located at the corner of Kennedy Boulevard and the Tampa Riverwalk. The hotel is within walking distance of key attractions such as Water Street, the Convention Center, Amalie Arena, Armature Works, the University of Tampa and Tampa General Hospital.
Originally constructed in 1965 as a bank branch, the nine-story building was converted into a hotel in 2014. The hotel features 130 rooms, two food and beverage outlets (bar and breakfast), a large lobby with ample natural light, an outdoor pool and deck overlooking the Hillsborough River, a 738-square-foot meeting room, a well-equipped gym, and on-site valet parking.
