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Encore Hospitality Sells Tampa DoubleTree Hotel for $40 Million

Hodges Ward Elliott facilitated 489-room hotel transaction
By Mbayo Ahmadu
October 24, 2007 | 6:45 P.M.

Encore Hospitality LLC, a Mississippi-based hotel acquisition and management firm, sold the DoubleTree Tampa/Westshore Airport Hotel for a reported $40 million dollars. The hotel, located at 4500 West Cypress Street in Tampa, is just under 310,000 square feet and has 489 rooms. Hodges Ward Elliott, Inc., an Atlanta-based hotel brokerage and investment-banking firm, facilitated the transaction. The buyer was Shamrock-Hostmark Hotel Fund, LP, an investment fund headquartered in Burbank, California. Shamrock-Hostmark will keep the Doubletree name and take over management of the facility.

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