TAMPA, FL — December 16, 2021 — Berkadia Hotels & Hospitality announced today the sale and financing of Ramada Tampa Westshore, a 237-room hotel in Tampa, Florida. Managing Director Preston Reid and Senior Director Wyatt Krapf of Berkadia Hotels & Hospitality completed the sale on behalf of the seller, Ben Mallah, founder of Equity Management Partners. The deal closed December 15.
Reid and Krapf also secured the acquisition financing on behalf of the borrower, Cardinal Point Management. The lender Stabilis Capital Management provided the loan.
“This property sits in the heart of Tampa’s booming Westshore submarket, with excellent proximity to some of the area’s strongest demand drivers,” said Reid. “We are excited to see Cardinal Point’s strategic plan come to fruition on its first hotel investment.”
Located at 1200 N West Shore Blvd, hotel amenities include outdoor pool, fitness center, sundry shop, business center and laundry. The hotel is conveniently located near the Tampa International Airport and surrounded by Westshore’s 100,000 employees.
Berkadia Hotels & Hospitality combines best-in-industry innovation, knowledge and experience with the most comprehensive suite of products and services, backed by relentless customer service and support to empower clients to capitalize on the right opportunities at the greatest value. The group serves clients across the country, offering a full set of advisory, investment sales, underwriting and loan origination services and products including Life Company, Proprietary Bridge Lending and Capital Markets Advisory Services.