TAMPA, Florida—McKibbon Equities introduced the acquisition of SpringHill Suites Tampa Westshore Airport, marking the corporate’s fourth and remaining acquisition for McKibbon Earnings Fund I.
Positioned in Tampa’s Westshore Enterprise District, the all-suites, pet-friendly resort provides 149 guestrooms and greater than 1,800 sq. ft of versatile assembly area. Facilities embody an out of doors pool and sizzling tub, health heart, complimentary every day breakfast, onsite parking, and airport shuttle service. Its location supplies handy entry to Tampa Worldwide Airport, Raymond James Stadium, Worldwide Plaza, and Downtown Tampa.
“SpringHill Suites Tampa Westshore Airport is positioned in certainly one of Tampa Bay’s most dynamic enterprise hubs, with greater than 12 million sq. ft of workplace area and unbelievable entry to key demand drivers,” mentioned Matthew Ram, McKibbon’s senior vp of acquisitions. “We imagine this acquisition enhances our present portfolio extraordinarily properly, and we are going to proceed to pursue extra enlargement alternatives within the Tampa Bay area.”
The property can be operated by McKibbon Hospitality, bringing McKibbon’s portfolio to 94 managed motels nationwide. It’s McKibbon’s 14th managed resort within the higher Tampa Bay space and its fifth managed property within the Westshore District, the place McKibbon can be headquartered.
Synovus Financial institution offered debt financing for the transaction, whereas the vendor was represented by Bryce Cherko of Cherko Fusco Realty.
