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Tampa hotel acquired for $34M — over $8M less than previous price


  • By Louis Llovio
  • | 5:00 p.m. January 8, 2024
  • | 0 Free Articles Remaining!
The Residence Inn Tampa Westshore Airport Hotel has sold for nearly $34.4 million.
The Residence Inn Tampa Westshore Airport Hotel has sold for nearly $34.4 million.
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  • Tampa Bay-Lakeland
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A Houston private equity firm has bought the Residence Inn Tampa Westshore Airport Hotel for $8.17 million less than what the previous owner paid for the property in January 2019.

The buyer, Dauntless Capital Partners, bought the hotel at 4312 W. Boy Scout Blvd. for $34.48 million. That’s five years after Miami-based Starwood Capital paid $42.65 million for the 160-room hotel.

The sale, completed in late December, was announced Monday by the Tampa-based hotel brokerage firm The Plasencia Group, which represented Starwood. (Plasencia did not disclose the buyer nor the sale price, but a deed for the sale of the 160-room property appears in Hillsborough County property records.)

 


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author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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