JLL Capital Markets arranged financing for the 266-key hotel in Florida
JLLÂ Capital Markets announced today that it arranged $20.07 million in financing for the Sheraton Tampa Brandon Hotel, a 266-key, full-service hotel in Tampa, Florida.
JLL represented the borrower, Linchris Hotel Corporation, to secure the loan through the lender, Ready Capital.
The Sheraton Tampa Brandon contains a full-service restaurant and bar, outdoor swimming pool, fitness center and business center. It also features 32,175 square feet of meeting and event space highlighted by an 8,133-square-foot grand ballroom, which can hold up to 400 people.
Located at 10221 Princess Palm Ave., the hotel is directly off I-75 and slightly south of I-4, which are the two main highway arteries that connect the hotel to downtown Tampa. The hotel is nine miles east of Downtown Tampa, 15 miles from the Tampa International Airport, nine miles southeast of major theme park attractions such as Adventure Island and Busch Gardens and only three miles east of Seminole Hard Rock Casino and Florida State Fairgrounds. Additionally, the hotel is directly adjacent to large office complexes occupied by Citi Bank and JPMorgan.
The Tampa-St. Petersburg-Clearwater metropolitan area is a premier location for business, tourism and residence. The Tampa Bay market has been one of the best performing markets in the U.S. since 2020.
The JLL Capital Markets team was led by Senior Directors Amy Lousararian and Henry Schaffer and Director Jason Skalko.
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