Loading
TAMPA — Pharos CB Hospitality LLC purchased the Aloft Tampa Downtown Hotel from Liberty Tampa Investments LLC for $30 million.
Pharos' acquisition of the upscale hotel is partially due to the high-growth market in Tampa, says senior founding partner J. Edward Watson in a statement. Aloft's global brand was also a contributing factor.
The hotel, on Tampa Riverwalk in the center of downtown, has 130 loft-like rooms, corporate meeting space and a signature bar, the statement adds. It is within walking distance of the Tampa Convention Center, the Florida Aquarium and the Amalie Arena.
Pharos CB Hospitality is a hotelier with offices in New York City and Charlotte, N.C. The company owns, develops and operates upscale hotels throughout the country.
Tampa-based Liberty Group is one the leading hotel development firms in the region. CEO Punit Shah was one of the Business Observer's Entrepreneurs of the Year for 2015.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
