Sergio Rok Of ROK Acquisitions Secures $27.5M Loan For Four Points By Sheraton In Tampa

The property asset involved is the Four Points by Sheraton Suites Tampa Airport, a hotel located at 4400 West Cypress Street in the Tampa market. The acquisition was priced at $26 million, and the property consists of 263 suites.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $26,000,000
• Loan Amount: $27,500,000
• Loan Type: Acquisition
• Lender: Jorge Hernandez - Ocean Bank
• Landlord: Sergio Rok - ROK Acquisitions; Bhavnesh Vivek & Bhavin Vivek - Sage Lane Partners; Gaurav Gupta - Artifact Group

The acquisition involved a joint venture between Rok Acquisitions, Sage Lane Partners, and Artifact Group. Franklin Street represented the seller, and Jorge Hernandez was responsible for arranging the loan, with Preston Reid leading the brokerage efforts.