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

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.)