{"id":1004056911,"date":"2012-12-28T14:51:40","date_gmt":"2012-12-28T22:51:40","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=91616"},"modified":"2022-12-08T19:47:18","modified_gmt":"2022-12-09T03:47:18","slug":"driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/","title":{"rendered":"Driftwood Hospitality Buys Hyatt Regency Tampa, Plans Hilton Rebranding"},"content":{"rendered":"

By Georgiana Mihaila, Associate Editor\"\"<\/a><\/em><\/p>\n

After being on the market for nearly six months, the 521-room Hyatt Regency in downtown Tampa is now under new ownership. Driftwood Hospitality Management LLC purchased the property for an undisclosed amount.<\/p>\n

The acquisition marks Driftwood\u2019s re-entry to the Tampa market; \u201cWe are excited to return to the Tampa market and believe this property is poised for success with terrific core offerings and a central location that appeals to business and leisure travelers alike,\u201d said Mike Diaz, CEO of Driftwood Hospitality Management.<\/p>\n

The Hyatt Regency is located at 211 North Tampa Street in downtown Tampa. The hotel features a full-service Avanzare restaurant and lounge, a heated outdoor pool, rooftop whirlpool, gift shop and fitness center. The 521-room hotel boasts 30,000 square feet of flexible function space and access to nearby beaches, golf courses, tourist attractions and local corporations.<\/p>\n

The new owner plans on investing $13 million into property renovations, which are expected to commence within the coming weeks. As part of Driftwood\u2019s planned renovation program, the company will reconfigure the hotel\u2019s first floor, updating the lobby and restaurant. When complete, the location will be home to Tampa\u2019s newest Starbucks and will feature a variety of other new amenities. Guestrooms and meeting spaces will also be refreshed in late 2013.<\/p>\n

Effective immediately under Driftwood\u2019s management, the Hyatt Regency Tampa will operate as Hotel Tampa \u2013 A Hilton Affiliated Property. Upon completion of the first phase of the renovation, which is slated for Q2 2013, the property will be reflagged as the Hilton Hotel Downtown Tampa.<\/p>\n

Seller AREA Property Partners was represented in the transaction by Holliday Fenoglio Fowler\u2019s Senior Managing Director Daniel Peek, Associate Directors Paul Hsu and Max Comess and Senior Real Estate Analyst Cyrus Vazifdar.<\/p>\n","protected":false},"excerpt":{"rendered":"

After being on the market for nearly six months, the 521-room Hyatt Regency in downtown Tampa is now under new ownership as Driftwood Hospitality Management, LLC purchased the property the property for an undisclosed amount. This acquisition marks Driftwood’s re-entry to the Tampa market;<\/p>\n","protected":false},"author":33,"featured_media":1004506476,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1612],"tags":[1815,39486],"class_list":["post-1004056911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-tampa","tag-national","tag-tampa"],"acf":[],"yoast_head":"\nDriftwood Hospitality Buys Hyatt Regency Tampa, Plans Hilton Rebranding - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Driftwood Hospitality Buys Hyatt Regency Tampa, Plans Hilton Rebranding\" \/>\n<meta property=\"og:description\" content=\"After being on the market for nearly six months, the 521-room Hyatt Regency in downtown Tampa is now under new ownership as Driftwood Hospitality Management, LLC purchased the property the property for an undisclosed amount. This acquisition marks Driftwood’s re-entry to the Tampa market;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-12-28T22:51:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:47:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/hyatt-regency.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Georgiana Mihaila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/\",\"name\":\"Driftwood Hospitality Buys Hyatt Regency Tampa, Plans Hilton Rebranding - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/hyatt-regency.jpg\",\"datePublished\":\"2012-12-28T22:51:40+00:00\",\"dateModified\":\"2022-12-09T03:47:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7f47e1fdc15ee76043a807c37aa761f9\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/hyatt-regency.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/hyatt-regency.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Driftwood Hospitality Buys Hyatt Regency Tampa, Plans Hilton Rebranding\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7f47e1fdc15ee76043a807c37aa761f9\",\"name\":\"Georgiana Mihaila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g\",\"caption\":\"Georgiana Mihaila\"},\"description\":\"After spending the first 6 years of her career training in the art of real estate alongside the Yardi team, Georgiana went on to become VP of Marketing for Montreal-based fintech company NestReady, then to run the marketing department behind one of the world\u2019s leading self-dev media companies, Goalcast Inc. She\u2019s now combining her passion for engaging content with a long-lasting addiction to real estate on FancyPantsHomes.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/georgiana\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Driftwood Hospitality Buys Hyatt Regency Tampa, Plans Hilton Rebranding - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/","og_locale":"en_US","og_type":"article","og_title":"Driftwood Hospitality Buys Hyatt Regency Tampa, Plans Hilton Rebranding","og_description":"After being on the market for nearly six months, the 521-room Hyatt Regency in downtown Tampa is now under new ownership as Driftwood Hospitality Management, LLC purchased the property the property for an undisclosed amount. This acquisition marks Driftwood’s re-entry to the Tampa market;","og_url":"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2012-12-28T22:51:40+00:00","article_modified_time":"2022-12-09T03:47:18+00:00","og_image":[{"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/hyatt-regency.jpg?w=1024","width":1024,"height":1024,"type":"image\/jpeg"}],"author":"Georgiana Mihaila","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/","url":"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/","name":"Driftwood Hospitality Buys Hyatt Regency Tampa, Plans Hilton Rebranding - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/hyatt-regency.jpg","datePublished":"2012-12-28T22:51:40+00:00","dateModified":"2022-12-09T03:47:18+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7f47e1fdc15ee76043a807c37aa761f9"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/hyatt-regency.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/hyatt-regency.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/driftwood-hospitality-buys-hyatt-regency-tampa-plans-hilton-rebranding\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Driftwood Hospitality Buys Hyatt Regency Tampa, Plans Hilton Rebranding"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7f47e1fdc15ee76043a807c37aa761f9","name":"Georgiana Mihaila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g","caption":"Georgiana Mihaila"},"description":"After spending the first 6 years of her career training in the art of real estate alongside the Yardi team, Georgiana went on to become VP of Marketing for Montreal-based fintech company NestReady, then to run the marketing department behind one of the world\u2019s leading self-dev media companies, Goalcast Inc. She\u2019s now combining her passion for engaging content with a long-lasting addiction to real estate on FancyPantsHomes.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/georgiana\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/hyatt-regency.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004056911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004056911"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004056911\/revisions"}],"predecessor-version":[{"id":1004623505,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004056911\/revisions\/1004623505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004506476"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004056911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004056911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004056911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}