The Plasencia Group Handles Exchange of Dual-Branded Hotel in Downtown Tampa

By July 29, 2021August 9th, 2021Press Releases

Tampa, Fla. (July 30, 2021) – The Plasencia Group, a leading lodging investment advisory and consulting firm, advised on the sale of Tampa’s first dual-branded hotel. The firm represented Liberty Group, a Tampa-based private investment firm, in the sale of the Hampton Inn and Home2 Suites Tampa Downtown Channel District. The hotels share a dual-core structure, offering a combined 213 rooms and a shared outdoor rooftop pool and terrace overlooking the downtown Tampa and Channel District. Noble Investment Group (“Noble”), a private equity firm based in Atlanta, Georgia, acquired the hotels.

Hampton Inn / Home2 Suites Tampa Downtown Channel District
Tampa, Florida

The Plasencia Group’s Managing Directors Nick Plasencia and Chris Plasencia represented the seller in the transaction, the latest of the firm’s half a dozen sales and refinancings of Florida hotels and resorts in the last several months.

“The Tampa-St. Petersburg-Clearwater region is very much on the national and international radar right now for investors and travelers alike. From new real estate and infrastructure development, to ballooning job opportunities, to a growing list of sports championship titles, we’re shining right now,” said Nick Plasencia.

Resounding interest in the state is coming from investors in all corners of the country and globe, making deal-making fundamentals of paramount importance. Punit Shah, Chief Executive Officer of Liberty Group said, “The professionalism of the teams at Noble and The Plasencia Group resulted in a flawless execution. I’m glad to know that the hotels and the talented team we assembled will be under institutional-caliber stewardship for years to come.”

Chris Plasencia added, “Liberty Group has been incredibly influential in elevating the local hospitality industry, and we’re thrilled to bring in a new owner to the Channel District who can continue to contribute to Tampa’s success.”

The Plasencia Group has successfully completed nearly half a billion dollars in hotel and resort advisory engagements over the last several months, most recently including the refinancing of The Vinoy® Resort & Golf Club and the sale of select service and full service hotel and resort properties in Florida, Louisiana and Texas. The firm has facilitated well over one hundred lodging sales in Florida alone, representing every brand family and asset type across each major market in the Sunshine State over its three decades in business.