NEW YORK CITY, New York—JLL’s Motels & Hospitality Group introduced that it has organized a refinancing for the Aloft Tampa Downtown, a 130-key resort positioned in Tampa’s city core.
JLL labored on behalf of Newbond Holdings to safe a five-year, floating-rate mortgage offered by funds managed by associates of Fortress Funding Group.
The Aloft Tampa Downtown is inside strolling distance of sights reminiscent of Water Road, the Conference Heart, Amalie Enviornment, Armature Works, the College of Tampa, and Tampa Normal Hospital.
Initially constructed in 1965 as a financial institution department, the nine-story constructing was transformed right into a resort in 2014. The resort consists of 130 rooms, two meals and beverage shops (bar and breakfast), a big foyer, an outside pool and deck overlooking the Hillsborough River, a 738-square-foot assembly room, a health club, and on-site valet parking.
The JLL Motels & Hospitality workforce was led by Americas CEO Kevin Davis, Managing Director Mark Fisher, Senior Administrators Jillian Mariutti and Wyatt Krapf, and Analyst Martha Duff.
“This refinancing acknowledges Aloft Tampa Downtown’s distinctive efficiency and Newbond Holdings’ strategic enhancements,” stated Davis. “The resort’s RevPAR constantly outperforms its aggressive set, and this new financing will allow the sponsor to additional capitalize on Tampa’s dynamic market, pushed by report inhabitants progress and company funding.”
JLL’s Motels & Hospitality Group has accomplished extra transactions than another resort and hospitality actual property advisor during the last 5 years, totalling $83 billion worldwide. The group’s 370-strong world workforce in over 20 nations additionally closed greater than 7,350 advisory, valuation, and asset administration assignments.
