financeHotels Magazine·1 min·For: Owner, Investor, GM, Revenue
Bain Capital and Smith Hill Close $94M Tampa Refinancing
Bain Capital and Smith Hill Capital have finalized a $94 million refinancing package to facilitate the renovation and rebranding of a 281-key hotel in Downtown Tampa. formerly a Sheraton, the property will be reimagined as Hotel Cala, a Curio Collection by Hilton luxury asset.
Key Takeaways
- 1Secure financing for portfolio upgrades by leveraging partnerships with institutional debt investment firms like Smith Hill Capital.
- 2Capitalize on the Curio Collection by Hilton brand to gain access to a loyalty platform of over 200 million members.
- 3Maximize property value in high-demand urban markets through strategic rebranding and extensive physical renovations.
Source: Hotels Magazine
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