100 West Kennedy Boulevard - Aloft Tampa Downtown

This Hotel property located in Florida received a loan of $29,600,000 21 days ago. The brokers of the deal were Kevin Davis and Mark Fisher

Location
100 W Kennedy Blvd, Tampa, FL 33602, United States
Loan Value
$29,600,000
Asset Type
Hotel
Parties
2 Brokers, 1 Agency, 1 Lender

Agents

Agency

Social

Deal Summary:

LOAN IMAGE: Kevin Davis, Mark Fisher & Neil Luthra DATE: 09/12/2023 ADDRESS: 100 West Kennedy Boulevard - Aloft Tampa Downtown MARKET: Tampa ASSET TYPE: Hotel ~ KEYS: 130 LENDER: CIM Group (@cimgroup) LANDLORD: Newbond Holdings - Neil Luthra BROKERS: Kevin Davis & Mark Fisher - JLL (@jll) LOAN AMOUNT: $29,600,000 LOAN TYPE: Acquisition Loan LOAN TERMS: floating-rate NOTE: Newbond Holdings secured $29.6 million from CIM Group to buy and renovate Aloft Tampa Downtown hotel in Tampa Bay. The decision was driven by Tampa Bay's robust hospitality market, fueled by population growth, corporate migration, and increased leisure and group travel, making Downtown Tampa Bay a dynamic hotel market in the U.S. #Miami #RealEstate #tradedmia #MIA #AloftTampaDowntown #Tampa #Hotel #CIMGroup #NewbondHoldings #NeilLuthra #KevinDavis #MarkFisher #JLL