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Hilton Garden Inn Ybor City sold in $964 million portfolio
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The Hilton Garden Inn Tampa Ybor City has been sold for $14.8 million, according to property records.
Palm Beach-based Chatham Lodging Trust closed on the hotel on Nov. 17, according to a Hillsborough County deed filed Friday.
The 95-room hotel at 1700 E. Ninth Ave. was built in 1999, according to property records.
The transaction appears to have been part of a $964 million portfolio acquisition purchased by a joint venture comprised of Chatham and NorthStar Realty Finance Corp. The seller was Chicago-based Inland American.
"NorthStar owns a 90 percent ownership interest in the joint venture, and Chatham owns a 10 percent interest. Chatham acquired its 10 percent equity interest in the joint venture for approximately $28 million," Chatham said in a statement.
Ashley Gurbal Kritzer is a reporter for the Tampa Bay Business Journal.
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