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Caspers Company Spends $85M to Buy The Current Hotel in Tampa
Current Rocky Point LLC, a special purpose entity affiliated with Caspers Company, has purchased The Current Hotel in Tampa, FL for $85 million. The property is an Autograph Collection by Marriott hotel.
Dave Weymer, Michael Weinberg, Preston Reid and Wyatt Krapf of Berkadia Hotels & Hospitality represented the seller, Rocky Point Holdings LLC, in the transaction. American Momentum Bank is providing part of the financing with a $55 million loan.
The purchase marks the first hotel acquisition for the Casper family, which owns 60 McDonald’s franchises, as well as Tampa Bay restaurant and business concepts Oxford Exchange, Oxford Design Studio, The Library, Caspers Service Company and The Stovall House.
Construction of The Current Hotel was completed in 2019. The property includes 180 rooms, two restaurants, waterfront views from every guestroom, a private beach, an infinity pool and proximity to Tampa International Airport.
- ◦Sale/Acquisition
