Downtown Tampa hotel buyer gets $29.6 million in financing

The new owners of the Aloft Tampa Downtown Hotel have gotten $29.6 million in acquisition financing to buy the property.

According to the JLL Hotel & Hospitality Group, it arranged a floating rate term loan for Newbond Holdings to purchase and renovate the 130-room hotel at 100 W. Kennedy Blvd. The lender was the CIM Group.

Newbond, a New York hotel investment firm, announced Sept. 6 that it was buying the property along Tampa’s Riverwalk. It did not disclose the sales price and Hillsborough County property records have not been updated. JLL did not immediately respond to a question about whether the loan covered the full sale price or a percentage of it.