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The Aloft Tampa Downtown Transaction Led by The Plasencia Group

Tampa, Fla. (September 6, 2023) The Plasencia Group is pleased to announce it has represented Charlotte-based Pharos Hospitality in the sale of the Aloft Tampa Downtown. Located in the heart of downtown Tampa, Florida, the Aloft sits adjacent to Tampa’s game-changing Riverwalk and offers convenient access to Tampa’s flourishing urban core. The property was purchased by New York-based Newbond Holdings.

Converted from an office building to a hotel in 2014, the 130-room lifestyle property enjoys a highly visible waterfront venue at the intersection of Kennedy Boulevard and the Tampa Riverwalk, the urban metro’s primary pedestrian artery. The Aloft’s guests benefit from convenient, walkable access to the Tampa Convention Center, the University of Tampa, Tampa General Hospital, Amalie Arena, Water Street Tampa, the emerging Tampa Heights neighborhood, and a number of cultural attractions including Curtis Hixon Park and the Straz Center for the Performing Arts.

“The Aloft occupies a premier location in Tampa, right on the river and across from the University of Tampa, at the core of Downtown Tampa’s office district. We’re excited to see what the future holds for new ownership,” said Managing Director Chris Plasencia, who represented the seller.

Nick Plasencia, who also represented the seller, commented, “Hotel demand in Tampa remains remarkably strong. We’re in the early stages of a generational transformation of the market. Institutional caliber assets in Tampa like the Aloft stand out as highly attractive investments nationally.”

The sale of the Aloft Tampa Downtown further cements The Plasencia Group as the premier hospitality investment advisory firm in Florida. The transaction continues the firm’s string of success in the Sunshine State, with over 100 completed engagements statewide, including dozens in the Tampa Bay region, since the firm’s inception.

About The Plasencia Group

The Plasencia Group is a full-service lodging investment advisory firm offering transaction services, capital markets, owner representation and development management consulting services to its clients throughout North America. The firm has advised investors on some of the most recognized hotel and resort transactions in North America since it was founded in 1993 by Chief Executive Officer Lou Plasencia.