TAMPA, Florida—McKibbon Equities introduced the acquisition of SpringHill Suites Tampa Westshore Airport, marking the corporate’s fourth and closing acquisition for McKibbon Revenue Fund I.
Positioned in Tampa’s Westshore Enterprise District, the all-suites, pet-friendly lodge provides 149 guestrooms and greater than 1,800 sq. toes of versatile assembly house. Facilities embody an out of doors pool and sizzling tub, health middle, complimentary each day breakfast, onsite parking, and airport shuttle service. Its location supplies handy entry to Tampa Worldwide Airport, Raymond James Stadium, Worldwide Plaza, and Downtown Tampa.
“SpringHill Suites Tampa Westshore Airport is situated in certainly one of Tampa Bay’s most dynamic enterprise hubs, with greater than 12 million sq. toes of workplace house and unimaginable entry to key demand drivers,” mentioned Matthew Ram, McKibbon’s senior vice chairman of acquisitions. “We imagine this acquisition enhances our present portfolio extraordinarily nicely, and we are going to proceed to pursue further enlargement alternatives within the Tampa Bay area.”
The property can be operated by McKibbon Hospitality, bringing McKibbon’s portfolio to 94 managed motels nationwide. It’s McKibbon’s 14th managed lodge within the higher Tampa Bay space and its fifth managed property within the Westshore District, the place McKibbon can also be headquartered.
Synovus Financial institution supplied debt financing for the transaction, whereas the vendor was represented by Bryce Cherko of Cherko Fusco Realty.