Downtown Tampa Hotel Acquired for $45 Million and Re-Branded

The Hotel Tampa Riverwalk, formerly the Sheraton Tampa Riverwalk Hotel, in downtown Tampa has been acquired for $45 million by a partnership of Newbond Holdings and Apollo Global Management, Inc. The new ownership has selected Schulte Hospitality Group to manage the hotel. The 277-room property, located alongside the Hillsborough River and Riverwalk in downtown Tampa, was delivered unencumbered of the Sheraton flag and management, and has been rebranded as the Hotel Tampa Riverwalk. Ownership plans to implement a comprehensive renovation to guestrooms and public areas, as well as introduce a re-conceptualized waterfront restaurant, positioning the hotel to become downtown Tampa’s first premier urban waterfront destination.

The Hotel Tampa Riverwalk stretches across 200 feet of riverfront and features an expansive outdoor pool, waterfront dining, and 12,000 square feet of meeting space. It is the only hotel with direct access to the Riverwalk, a 2.6-mile pedestrian walkway that connects riverfront parks, restaurants, bars, museums, and businesses. Additionally, the hotel is located in the CBD, within walking distance of 10 million square feet of office space, the Tampa Convention Center, Amalie Arena, and Water Street Tampa, a transformational $3 billion, 53-acre redevelopment that has delivered 3,500 new residential units, an iconic cultural arts pavilion, 1 million square feet of retail and cultural spaces, and 2 million square feet of office space.

Photo: Hotel Tampa Riverwalk

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