Cypress Hotel Owner LLC Acquires Four Points Westshore By Sheraton Suites From Ben Mallah For $26M

The Four Points Westshore by Sheraton Suites is an eight-story hotel located at 4400 West Cypress Street in Tampa. Constructed in 1986, this property features a total of 263 keys and offers amenities such as a pool, fitness center, and 12,500 square feet of meeting space. The hotel was sold for $26,000,000, which amounts to $98,859 per key. The property last traded for $19.95 million approximately ten years ago.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $26,000,000
• Location: 4400 West Cypress Street, Tampa
• Asset Size: 263 keys
• Price Per Key: $98,859
• Seller: Ben Mallah
• Buyer: Cypress Hotel Owner LLC
• Broker: Hodges Ward Elliott

This transaction was facilitated by Hodges Ward Elliott, representing the buyer, Cypress Hotel Owner LLC, in the acquisition of the property from seller Ben Mallah. The hotel is recognized for its significant meeting space and various amenities, contributing to its market presence in the Tampa area.