CHARLOTTE, NC—Pharos CB Hospitality, LLC has acquired the Aloft Tampa Downtown, an upscale select-service hotel located in the center city area of Tampa. Pharos CB Hospitality acquired the hotel from Liberty Tampa Investments, LLC for a sales price of $30 million.
“This acquisition represents an attractive long-term investment for our investors in a one-of-a-kind location,” noted J. Edward “Buddy” Watson, senior founding partner of Pharos CB Hospitality. “The well-established global Aloft brand, our focus on high-quality service and operations, and the high-growth Tampa market are a winning combination for this property.”
Located in the city center on the Tampa Riverwalk, the hotel is within walking distance to the Tampa Convention Center, the Florida Aquarium, the University of Tampa and the Amalie Arena.
Doron Cohen, senior founding partner of Pharos CB Hospitality, said, “We are pleased to have a presence in this important southeastern growth market, and look forward to building on the hotel’s growing reputation as the destination location in downtown Tampa for both business travelers and vacationers.”
The Aloft Tampa Downtown offers 130 loft-like rooms, a Splash pool, corporate meeting space, re:fuel at Aloft—a one-stop gourmet grab & go food and beverage area—and the brand’s signature W XYZ bar.