{"id":1004306531,"date":"2019-03-07T03:52:46","date_gmt":"2019-03-07T11:52:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004306531"},"modified":"2019-03-07T03:52:46","modified_gmt":"2019-03-07T11:52:46","slug":"tampa-hotel-lands-54m-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tampa-hotel-lands-54m-loan\/","title":{"rendered":"Tampa Hotel Lands $54M Loan"},"content":{"rendered":"
\"The<\/a>

The Westshore Grand<\/p><\/div>\n

A joint venture between Crescent Real Estate and affiliates of the Arden Group have received $53.5 million to recapitalize The Westshore Grand, a 325-key full-service hotel in Tampa, Fla. PCCP LLC provided the senior loan.<\/p>\n

Located at 4860 W. Kennedy Blvd., in the center of Tampa\u2019s Westshore Business District, the hotel represents one part of the Urban Centre mixed-use complex, which offers more than 550,000 square feet of Class A office space owned by Starwood.<\/p>\n

\u201cThis ideally located hotel was recently reflagged to a Tribute Portfolio Hotel and offers renovated rooms and common areas that distinguish themselves from a number of nearby hotel offerings,\u201d<\/em> John Randall, PCCP\u2019s partner, said in a prepared statement.<\/p>\n

Constructed in 1984, the hotel is flush with amenities, including 14,321 square feet of meeting\/event space with a 5,046-square-foot ballroom, a grab-and-go Illy Caf\u00e9, a Shula\u2019s Steakhouse and a rooftop pool. There\u2019s also a fitness center and an attached 247-space parking garage.<\/p>\n

Beginning in 2015, ownership conducted a major capital improvement program and rebranded the hotel into a Tribute Portfolio Hotel. Renovations included upgrades to the fitness center, the addition of two guest rooms and improvements to the guest rooms, lobby, corridors and bar\/lounge area.<\/p>\n

A hotbed of activity<\/h2>\n

The Westshore Grand is close to Tampa International Airport and the submarket it’s situated in boasts a large concentration of office space in the state of Florida with 12.8 million square feet home to nearly 4,000 businesses, 93,000 employees and 5,000 residents.<\/p>\n

Among the businesses in the area are lBM, New York Life Insurance, PwC, Bloomin\u2019 Brands, Bristol Myers Squibb, Gerdau Ameristeel and Humana.<\/p>\n

Also nearby are Raymond James Stadium, Busch Gardens, and the University of South Florida.<\/p>\n

Earlier this month, PCCP LLC provided a $152 million senior loan<\/a> for the recapitalization and lease-up of 41 Flatbush Ave., 270,000-square-foot, 10-story office building in downtown Brooklyn.<\/p>\n

Image courtesy of PCCP<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

PCCP provided the senior loan for the recapitalization of the 325-key The Westshore Grand, part of the Urban Centre mixed-use complex.<\/p>\n","protected":false},"author":451,"featured_media":1004306561,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,21751,21742,1612],"tags":[34447,44567,44570,33053],"class_list":["post-1004306531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-hotel","category-latest","category-tampa","tag-arden-group","tag-crescent","tag-john-randall","tag-pccp-llc"],"acf":[],"yoast_head":"\nTampa Hotel Lands $54M Loan - 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\/tampa-hotel-lands-54m-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tampa Hotel Lands $54M Loan\" \/>\n<meta property=\"og:description\" content=\"PCCP provided the senior loan for the recapitalization of the 325-key The Westshore Grand, part of the Urban Centre mixed-use complex.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/tampa-hotel-lands-54m-loan\/\" \/>\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=\"2019-03-07T11:52:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Westshore-Grand.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tampa-hotel-lands-54m-loan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tampa-hotel-lands-54m-loan\\\/\"},\"author\":{\"name\":\"Keith Loria\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"headline\":\"Tampa Hotel Lands $54M Loan\",\"datePublished\":\"2019-03-07T11:52:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tampa-hotel-lands-54m-loan\\\/\"},\"wordCount\":322,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tampa-hotel-lands-54m-loan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/03\\\/Westshore-Grand.jpg\",\"keywords\":[\"Arden Group\",\"Crescent\",\"John Randall\",\"PCCP LLC\"],\"articleSection\":[\"Featured\",\"Finance\",\"Hotel\",\"News\",\"Tampa\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tampa-hotel-lands-54m-loan\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tampa-hotel-lands-54m-loan\\\/\",\"name\":\"Tampa Hotel Lands $54M Loan - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tampa-hotel-lands-54m-loan\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tampa-hotel-lands-54m-loan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/03\\\/Westshore-Grand.jpg\",\"datePublished\":\"2019-03-07T11:52:46+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tampa-hotel-lands-54m-loan\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tampa-hotel-lands-54m-loan\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tampa-hotel-lands-54m-loan\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/03\\\/Westshore-Grand.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/03\\\/Westshore-Grand.jpg\",\"width\":800,\"height\":620,\"caption\":\"The Westshore Grand\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tampa-hotel-lands-54m-loan\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tampa Hotel Lands $54M Loan\"}]},{\"@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\\\/aaa29b723dad85f2444ae3cb0c4d735f\",\"name\":\"Keith Loria\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g\",\"caption\":\"Keith Loria\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/keith-loria\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Tampa Hotel Lands $54M Loan - 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\/tampa-hotel-lands-54m-loan\/","og_locale":"en_US","og_type":"article","og_title":"Tampa Hotel Lands $54M Loan","og_description":"PCCP provided the senior loan for the recapitalization of the 325-key The Westshore Grand, part of the Urban Centre mixed-use complex.","og_url":"https:\/\/www.commercialsearch.com\/news\/tampa-hotel-lands-54m-loan\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-03-07T11:52:46+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Westshore-Grand.jpg","type":"image\/jpeg"}],"author":"Keith Loria","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/tampa-hotel-lands-54m-loan\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/tampa-hotel-lands-54m-loan\/"},"author":{"name":"Keith Loria","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f"},"headline":"Tampa Hotel Lands $54M Loan","datePublished":"2019-03-07T11:52:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/tampa-hotel-lands-54m-loan\/"},"wordCount":322,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/tampa-hotel-lands-54m-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Westshore-Grand.jpg","keywords":["Arden Group","Crescent","John Randall","PCCP LLC"],"articleSection":["Featured","Finance","Hotel","News","Tampa"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/tampa-hotel-lands-54m-loan\/","url":"https:\/\/www.commercialsearch.com\/news\/tampa-hotel-lands-54m-loan\/","name":"Tampa Hotel Lands $54M Loan - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/tampa-hotel-lands-54m-loan\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/tampa-hotel-lands-54m-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Westshore-Grand.jpg","datePublished":"2019-03-07T11:52:46+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/tampa-hotel-lands-54m-loan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/tampa-hotel-lands-54m-loan\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/tampa-hotel-lands-54m-loan\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Westshore-Grand.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Westshore-Grand.jpg","width":800,"height":620,"caption":"The Westshore Grand"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/tampa-hotel-lands-54m-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Tampa Hotel Lands $54M Loan"}]},{"@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\/aaa29b723dad85f2444ae3cb0c4d735f","name":"Keith Loria","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g","caption":"Keith Loria"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/keith-loria\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Westshore-Grand.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004306531","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\/451"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004306531"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004306531\/revisions"}],"predecessor-version":[{"id":1004306591,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004306531\/revisions\/1004306591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004306561"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004306531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004306531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004306531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}