Newbond Holdings has acquired the Aloft Tampa Downtown Hotel, furthering their investment in the Downtown Tampa riverfront. This marks Newbond’s third hotel purchase in 24 months and demonstrates their confidence in the city’s long-term growth prospects.
The 130-key property offers a variety of indoor and outdoor amenities, including a waterfront pool, gym, corporate meeting spaces, bar & lounge area. After acquisition of this hotel asset by Newbond Holdings they plan to conduct comprehensive renovations for all guestrooms as well as public areas and pool deck.
Neil Luthra – founding partner at Newbond said “Tampa’s robust job market growth along with population expansion combined with flourishing convention business & institutional investments have made it one of the strongest real estate markets across US.” JLL Hotels & Hospitality Group arranged financing for this transaction while The Plasencia Group acted on behalf of seller during sale process .
