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HOTEL FLOR TAMPA DOWNTOWN
212 Hotel Keys​
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Off-market site
212-keys upscale hotel with adjoining empty parking lot with over 100 spaces and excess development land
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Over 14,000 sq. ft. of meeting space
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Acquisition of nearly closed hotel in Downtown Tampa
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1754 renovating for $30 million and revitalizing property and neighborhood
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Historical society supportive of work being done
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Purchased in November 2021
Rebrand to a Tapestry by Hilton by executing a major renovation, installing new FF&E, tech upgrades, and other value and renovation items
Acquired for $41 mm and sold off excess land for $25 mm with additional land to sell
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Expected unleveraged ROC well above 15%
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