Linchris Hotel Corp Secures $20.07M Loan For Sheraton Tampa Brandon Hotel

Linchris Hotel Corp. has secured $20.07 million in financing for the Sheraton Tampa Brandon Hotel, located at 1022 Princess Palm Avenue in Tampa, Florida. The hotel, with 266 keys, was purchased by Linchris Hotel Corp. in 2016 for $15.84 million. The loan, facilitated by JLL Capital Markets and obtained through Ready Capital, will support the property owned by Linchris Hotel Corp.

Summary of transation details

• Property Type: Hotel
• Transaction Amount: $20,070,000
• Address: 1022 Princess Palm Avenue, Tampa, Florida
• Market: Tampa
• Asset Type: Hotel
• Keys: 266
• Lender: Ready Capital
• Landlord: Linchris Hotel Corp - Bob Anderson
• Broker: JLL
• Loan Type: Refinance

The financing for the Sheraton Tampa Brandon Hotel was obtained through Ready Capital, with JLL Capital Markets serving as the facilitator. Linchris Hotel Corp., headed by Bob Anderson, is the landlord of the property.