{"id":1004321378,"date":"2019-05-06T00:03:11","date_gmt":"2019-05-06T08:03:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004321378"},"modified":"2019-05-06T00:03:11","modified_gmt":"2019-05-06T08:03:11","slug":"downtown-tampa-hilton-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/downtown-tampa-hilton-changes-hands\/","title":{"rendered":"Downtown Tampa Hilton Changes Hands"},"content":{"rendered":"
\"Hilton<\/a>

Hilton Tampa Downtown. Image courtesy of HFF<\/em><\/p><\/div>\n

Walton Street Capital has purchased Hilton Tampa Downtown, a 520-key, full-service property in downtown Tampa, Fla. HFF worked on behalf of the seller, CrossHarbor Capital Partners, and secured the acquisition loan for the buyer.<\/p>\n

Located at 211 N. Tampa St., the hotel is close to University of Tampa, Amalie Arena, Tampa General Hospital, the Florida Aquarium and the Port Tampa Cruise Terminal. The property is also within walking distance of Water Street, a $3 billion, 50-acre mixed-use office, retail and residential project now under construction.<\/p>\n

Built in 1982 on a 2-acre parcel and fully renovated in 2013, Hilton Tampa Downtown switched from Hyatt to Hilton after the overhaul. The 18-story hotel also underwent a multimillion-dollar investment program completed in 2017. The property’s list of amenities includes a rooftop pool, fitness center, executive lounge, business center, 30,000 square feet of meeting space and three food and beverage options. <\/p>\n

HFF representation<\/h2>\n

Daniel Peek, senior managing director & head of the HFF hotel group, together with Senior Director Preston Reid and Director Wyatt Krapf, represented the seller. Senior Managing Director Michael Weinberg led the debt placement team. <\/p>\n

\u201cTampa is no longer an up-and-coming city \u2013 it\u2019s here,\u201d<\/em> said Reid in prepared remarks. \u201cThe amount of investment from world-class, institutional investors continues to pour in for well-positioned, quality assets like the Hilton Tampa Downtown.\u201d<\/em><\/p>\n

Two weeks ago, HFF arranged $360 million in financing for a Four Seasons mixed-use project<\/a> in Nashville. Construction on that development is scheduled to begin in the second quarter of 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"

HFF assisted CrossHarbor Capital Partners in the disposition of the 520-key property located in the heart of the city, while also securing acquisition financing.<\/p>\n","protected":false},"author":870,"featured_media":1004321381,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21751,21783,21742,1612],"tags":[37832,32792,37674],"class_list":["post-1004321378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-hotel","category-investment","category-latest","category-tampa","tag-crossharbor-capital-partners","tag-hff","tag-walton-street-capital"],"acf":[],"yoast_head":"\nDowntown Tampa Hilton Changes Hands - 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\/downtown-tampa-hilton-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Downtown Tampa Hilton Changes Hands\" \/>\n<meta property=\"og:description\" content=\"HFF assisted CrossHarbor Capital Partners in the disposition of the 520-key property located in the heart of the city, while also securing acquisition financing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/downtown-tampa-hilton-changes-hands\/\" \/>\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=\"2019-05-06T08:03:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Hilton-Tampa-Downtown-e1556885150342.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\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\/downtown-tampa-hilton-changes-hands\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/downtown-tampa-hilton-changes-hands\/\",\"name\":\"Downtown Tampa Hilton Changes Hands - 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