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BlackPearl Hospitality Sails Away with $76M DoubleTree by Hilton Tampa Rocky Point Waterfront
BlackPearl Hospitality, LLC has acquired the 291-key full-service DoubleTree by Hilton Tampa Rocky Point Waterfront in Tampa, FL for $76 million ($261,168 per key)
Walker & Dunlop, Inc. facilitated the off-market sale and financing with its NY capital markets team, led by Sean Reimer, acting as advisors on behalf of BlackPearl Hospitality, LLC. In 2022 the team closed on over $1.4 billion in hotel transactions, with nine sponsors and eight capital partners.
“The hotel industry is a $3 trillion asset class within commercial real estate,” said Reimer.
“Hospitality has become an increasingly attractive investment opportunity, and attention to the sector has heightened under the financial adjustments caused by the worldwide pandemic.”
The 1986-constructed DoubleTree recently underwent a comprehensive $17.9 million renovation. The hotel sits on 4.34 waterfront acres on Tampa’s Rocky Point peninsula, a short drive to Tampa International Airport, Raymond James Stadium and the Westshore business district.
- ◦Sale/Acquisition
