Cardinal Point Management Acquires Hotel In Tampa For $18.9M

The transaction involved a hotel asset located at 1200 N Westshore Blvd in Tampa, with a sale price of $18,900,000. The property comprises 237 keys and features a price per key of $79,747.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $18,900,000
• Address: 1200 N Westshore Blvd
• Market: Tampa
• Buyer: Cardinal Point Management
• Seller: Ben Mallah
• Brokers: Preston Reid & Wyatt Krapf - Berkadia

In this transaction, Cardinal Point Management acquired the hotel from seller Ben Mallah, facilitated by brokers Preston Reid and Wyatt Krapf representing the deal through Berkadia.