Walton Street Capital doubles down on Tampa hotel investment

Company's acquisition of the Tampa Hilton Downtown comes amid heightened attention over gains in the city's convention business

  • By Kevin McQuaid
  • | 6:00 a.m. May 10, 2019
  • | 0 Free Articles Remaining!
COURTESY PHOTO — Walton Street Capital spent $116.85 million in early May to acquire the 520-room Tampa Hilton Downtown.
COURTESY PHOTO — Walton Street Capital spent $116.85 million in early May to acquire the 520-room Tampa Hilton Downtown.
  • Commercial Real Estate
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Energized by anticipated further gains in Tampa’s tourism and convention business and “robust cash flow,” Walton Street Capital LLC has acquired its second downtown Tampa hotel since 2016.

The Chicago-based company’s $116.85 million purchase of the 520-room Hilton Tampa Downtown comes nearly three years after it bought the now 309-room Westin Tampa Waterside hotel, according to Hillsborough County records.

 

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