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HOTEL FLOR TAMPA DOWNTOWN

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Off-market acquisition

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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

  • Acquisition of nearly closed hotel in Downtown Tampa

  • 1754 renovating for $30 million and revitalizing property and neighborhood

  • Historical society supportive of work being done

  • 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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