Caspers Company Acquires Hotel In Tampa For $85M

The hotel located at 2545 N Rocky Point Drive in Tampa has been sold for a total price of $85,000,000. The property, consisting of 180 keys, was acquired by Caspers Company. The transaction took place on December 28, 2021. The hotel is situated in the Tampa market and is owned by Lifsey RE & Holdings JV Pinnacle Hotel Management. The seller was represented by Michael Weinberg, Preston Reid, Wyatt Krapf, and Dave Weymer of Berkadia.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $85,000,000
• Address: 2545 N Rocky Point Drive
• Market: Tampa
• Buyer: Caspers Company
• Seller: Lifsey RE & Holdings JV Pinnacle Hotel Management
• Brokers: Michael Weinberg, Preston Reid, Wyatt Krapf, Dave Weymer - Berkadia

Caspers Company, the buyer in this transaction, acquired the hotel from Lifsey RE & Holdings JV Pinnacle Hotel Management. The deal was facilitated by Michael Weinberg, Preston Reid, Wyatt Krapf, and Dave Weymer of Berkadia, who represented the seller. The hotel consists of 180 keys and is located at 2545 N Rocky Point Drive in Tampa's market.