Downtown Tampa hotel owner borrows $38M

Newbond Holdings, the owners of the Aloft Tampa Downtown hotel, have refinanced the property at the gateway to the city’s downtown for $38 million — just two years shy after buying it.

The loan, a five-year, floating-rate refinancing, was announced by JLL Hotels & Hospitality Group, which says the money comes from affiliates of New York-based Fortress Investment Group.

A spokesperson for JLL would not disclose how much Newbond borrowed, writing in an email that “I cannot share the amount.”