The owners of a luxury hotel at the entrance to the prominent Westshore commercial district in Tampa, Florida, secured a $53.5 million recapitalization loan from real estate investment giant PCCP that will finance additional renovations to the 35-year-old property in an increasingly crowded hospitality industry.
New Majority Owner of Westshore Grand Hotel Owner Lands $53.5 Million Loan for Planned Renovations
Funds Could Help the Older Property Compete, Analyst Says
By Paul Owers
CoStar News
March 7, 2019 | 7:50 P.M.
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IN THIS ARTICLE
- Properties
- The Westshore Grand, A Tribute Portfolio
4860 Kennedy Blvd, Tampa, FL