NEW YORK CITY, Unique York—JLL’s Hotels & Hospitality Community launched that it has arranged a refinancing for the Aloft Tampa Downtown, a 130-key hotel located in Tampa’s city core.
JLL worked on behalf of Newbond Holdings to valid a 5-365 days, floating-fee mortgage offered by funds managed by affiliates of Fortress Funding Community.
The Aloft Tampa Downtown is inner walking distance of attractions comparable to Water Road, the Convention Center, Amalie Arena, Armature Works, the College of Tampa, and Tampa Long-established Sanatorium.
At the starting up constructed in 1965 as a financial institution department, the nine-account constructing changed into converted sincere into a hotel in 2014. The hotel involves 130 rooms, two food and beverage outlets (bar and breakfast), a immense foyer, an exterior pool and deck overlooking the Hillsborough River, a 738-sq.-foot assembly room, a gymnasium, and on-discipline valet parking.
The JLL Hotels & Hospitality team changed into led by Americas CEO Kevin Davis, Managing Director Value Fisher, Senior Directors Jillian Mariutti and Wyatt Krapf, and Analyst Martha Duff.
“This refinancing recognizes Aloft Tampa Downtown’s distinctive performance and Newbond Holdings’ strategic improvements,” said Davis. “The hotel’s RevPAR consistently outperforms its aggressive predicament, and this unusual financing will allow the sponsor to extra capitalize on Tampa’s dynamic market, driven by document inhabitants protest and company funding.”
JLL’s Hotels & Hospitality Community has accomplished more transactions than another hotel and hospitality precise estate e book over the final 5 years, totalling $83 billion worldwide. The community’s 370-solid world team in over 20 worldwide locations also closed bigger than 7,350 advisory, valuation, and asset administration assignments.
