Miami bank lends $27.5M for Tampa hotel sale

By Louis Llovio
| 6:15 a.m. April 5, 2026
| 2 Free Articles Remaining!

Miami's Ocean Bank lent $27.5 million to a group of buyers who purchased the Four Points by Sheraton Suites Tampa Airport.

Tampa Bay-Lakeland

Miami-based Ocean Bank provided $27.5 million in financing for the recent purchase of a Tampa hotel.

The property is the Four Points by Sheraton Suites Tampa Airport. Hillsborough County property records show the land sold for $26 million.

Ocean Bank says the buyer is a joint venture between Rok Acquisitions, a Miami real estate investment firm; Sage Lane Partners, an Atlanta private equity real estate firm; and Artifact Group, an investment and management firm based in Montreal.

The previous owner, a Largo investor, paid $19.95 million for it in 2016.

The eight-story hotel at 44400 W. Cypress St., according to the firm Franklin Street, which represented the seller, has 263 suites and 12,464 square feet of meeting space.

Ocean Bank’s Jorge Hernandez arranged the loan. Franklin’s Preston Reid represented the seller.

author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.