Florida & Gulf Coast CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Tampa Riverwalk Hotel Investors Ink Refi, Rebranding on Way
Newmark arranged a $94.36 million loan on behalf of Newbond Holdings and Apollo to refinance Hotel Cala, a 281-key hospitality asset located in Downtown Tampa, Florida. The financing was provided by Bain Capital and Smith Hill Capital (the Sponsor) and was secured by Newmark’s Jordan Roeschlaub, Nick Scribani, Ricky Braha, Tyler Dumon and Tate Keir.
Hotel Cala, formerly the Hotel Tampa Riverwalk, is a seven-story property positioned in Tampa’s Riverwalk District, offering direct waterfront access and proximity to the city’s business, convention and entertainment destinations. The Sponsor is executing a comprehensive repositioning strategy, including a full renovation and rebranding of the asset into a luxury lifestyle hotel under the Curio Collection flag, with upgraded guestrooms, meeting spaces and amenity offerings, including a flagship food and beverage concept.
The Hotel is located along the 2.6-mile Tampa Riverwalk, directly overlooking the Hillsborough River.
- ◦Financing
