HFF arranges sale of Hilton in downtown Tampa

HFF also secured the acquisition financing for the 520-room, full-service hotel

Jul.July 09, 2016 02:30 PM

Holiday Fenoglio Fowler, L.P. (HFF) arranged the sale of the Hilton Tampa Downtown for an undisclosed price plus the acquisition financing for the 520-room, full-service hotel.

HFF marketed the Hilton for the seller, a partnership of Driftwood Hospitality Management LLC and H.I.G. Realty Partners, an arm of H.I.G. Capital.

The hotel, built in 1982 on 5.6 acres, underwent extensive renovation when the owners converted the property’s brand from Hyatt to Hilton in 2013.

The 18-story Hilton features a rooftop sundeck, heated outdoor pool, fitness center and 30,000 square feet of meeting space.

Its location at 211 North Tampa Street is near Ybor City, Tampa General Hospital, the Florida Aquarium and the cruise terminal at the Port of Tampa.

The HFF investment sales team representing the seller was led by Daniel C. Peek, senior managing director and head of HFF’s hotel group, and associate directors Preston Reid and Alexandra Lalos.

The HFF debt placement team representing the borrower was led by managing director Michael Weinberg.

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