Liberty Group and Starwood Hotels are proud to announce the development of the Aloft in Tampa, Florida. Opening in early 2014 along the Tampa Riverwalk, Aloft Tampa Downtown will transform the former Mercantile Bank office building into an adaptive re-use hotel developed, owned and managed by the Liberty Group.
Aloft Tampa Downtown will deliver 130 spacious, loft-like rooms, a signature w xyz bar and re:mix lounge located adjacent to the waterfront pool, and a 24-hour fitness center. Aloft Tampa Downtown will also feature a 4,000sf rooftop flexible meeting and outdoor terrace area in the heart of Tampa’s bustling financial district and the landmark gateway to downtown. It will be the fifth Aloftin Florida, following the opening of Aloft Miami-Brickell in late 2013.
“We are thrilled to add Tampa to the Aloft brand’s rapidly growing list of destinations in Florida and look forward to working with Liberty Group on this exciting adaptive re-use project ,” said Brian McGuinness, Senior Vice President, for Starwood.
The project is a vision of joint-venture partners Liberty Group and Convergent Capital Partners. Collectively, the companies have invested over $550,000,000 in performing / sub-performing commercial mortgages and real estate including hotels, golf courses, multifamily, and office in just the past four years.
“While we already own several premier hotels in Florida, we have specifically been focused on developing a hotel in downtown Tampa for years, and this project presents the perfect opportunity to own the hippest hotel in the most dynamic location in Tampa Bay,” says
Located along the Hillsborough River and the new Tampa Riverwalk, Aloft Tampa Downtown will be within walking distance of the University of Tampa, Tampa Convention Center, University of South Florida’s new CAMLS facility, Tampa Times Forum, Tampa Center for the Performing Arts, Tampa History Museum, Curtis Hixon Park, Florida Aquarium, and the Port of Tampa.
“This project will energize a very important gateway into our downtown and add more activity to our Riverwalk,” said Tampa Mayor Bob Buckhorn. “It’s great to see another building in our downtown re-purposed with such a well-respected Development Team and Brand associated with the development.”
Established over three decades ago by Raxit Shah and now led by his son Punit Shah, Liberty Group is a full-service, vertically integrated hotel investment, development, and management company that prides itself on its proven entrepreneurial and strategic approach to investment placement. Liberty targets its investments to maximize asset performance through clear and concise investment goals. Its proactive, integrated approach of continually assessing each investment with regard to its performance, market position, current value, and capital structure allows Liberty to monitor the market and optimize returns. With over $265,000,000 invested across various asset classes in the United States and United Kingdom, the Liberty Group demonstrates a proven track record behind successful real estate investment and development. To learn more, please visit www.LibertyG.com.