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Newbond Acquires Aloft Tampa Downtown Hotel
Newbond Holdings has acquired the Aloft Tampa Downtown Hotel, marking Newbond’s third hotel investment on the Downtown Tampa riverfront in the last 24 months.
Located on the Riverwalk in Downtown Tampa, the 130-key hotel offers an abundance of indoor and outdoor amenity space, including a waterfront pool and gym, corporate meeting and event space, and a bar and lounge. Newbond is planning a comprehensive hotel renovation to include all guestrooms, public areas, and the pool deck.
“Our third hotel investment in Downtown Tampa since 2021 demonstrates our conviction in the long-term Tampa growth story,” said Neil Luthra, founding partner at Newbond. “Tampa’s robust job and population growth, flourishing convention and tourism business, and continued institutional investment have created one of the strongest real estate and hospitality markets in the country.”
JLL’s Hotels & Hospitality Group arranged acquisition financing for Newbond. The Plasencia Group brokered the sale on behalf of the seller.
- ◦Sale/Acquisition