Tampa Renaissance Hotel trades for $68 million

Sale fits in with Dallas firm's plan to go upscale

  • By Kevin McQuaid
  • | 6:00 a.m. June 15, 2018
  • | 0 Free Articles Remaining!
COURTESY PHOTO The 293-room Tampa Renaissance Hotel generates one of the highest amounts of revenue per available room of any lodging property in the Tampa area
COURTESY PHOTO The 293-room Tampa Renaissance Hotel generates one of the highest amounts of revenue per available room of any lodging property in the Tampa area
  • Commercial Real Estate
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Following through on a strategy to prune its portfolio and focus on high-end and luxury hotels, Braemar Hotels & Resorts Inc. has sold the Renaissance Tampa International Plaza Hotel for $68 million.

A partnership between Clearview Hotel Capital of Newport Beach, Calif., and Oaktree Capital Management L.P. bought the 293-room hotel in late May.

 

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