(Carl Cronan is editor of RealEstateFlorida.)
TAMPA, FL-The 259-room Sheraton Suites Tampa Airport/Westshorehotel will undergo $14-million worth of renovations next springunder its new ownership and management by Davidson Hotel Co. andSquare Mile Capital Management LLC. The joint-venture partnersbought the hotel from Host Realty Partnership LP for an unspecifiedamount.
The acquisition is Memphis, TN-based Davidson Hotel's firstjoint venture with Square Mile Capital, based in New York City.Davidson Hotel owns two other properties in Florida, the WestinColonnade Coral Gables and the Hilton University of FloridaConference Center in Gainesville, and sees significant growthpotential from its Tampa asset.
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