CHICAGO—Oxford Capital Group, LLC has acquired The Bay Harbor Hotel & Conference Center in Tampa, FL. In the coming year, Oxford will unveil plans to transform the waterfront property into an upscale lifestyle hotel.
“While the hotel is already performing quite well, we believe there is significant additional upside aesthetically, operationally, and from an overall market positioning perspective,” said John W. Rutledge, founder, president and CEO of Oxford Capital Group, LLC and its wholly owned management affiliate Oxford Hotels & Resorts, LLC.
The hotel, which sits on 6.69 waterfront acres, currently features 261 guestrooms, all with patio or balcony, including 11 suites. The hotel also features over 9,400 sq. ft. of meeting and event space, a 20,000-sq.-ft. indoor/outdoor restaurant, three bars, its own private beach with volleyball and soccer, an outdoor sound stage, a distinctive wooden pier and boat dock, Jet Ski rentals, heated outdoor pool, 24-hour fitness center, gift shop, guest laundry and 295 surface parking spaces.
The Bay Harbor Hotel, which had long been owned and utilized by George M. Steinbrenner and the New York Yankees, is proximate to the area’s attractions, including Busch Gardens, Adventure Island, The Florida Aquarium, Tampa Convention Center, Florida State Fairgrounds, Amalie Arena, George M. Steinbrenner Field, Raymond James Stadium and the beaches of Clearwater and St. Petersburg.
The terms of the sale were not disclosed at this time.