Hotel Transaction Florida

Residence Inn by Marriott Tampa Downtown Sold

Residence Inn by Marriott Tampa Downtown - Exterior
Residence Inn by Marriott Tampa Downtown Sold

Noble Investment Group

Noble Investment Group yesterday announced the acquisition of the Residence Inn by Marriott Tampa Downtown. The newly renovated, all-suite hotel is prominently located in the central business and financial district of the Tampa Bay area. Companies with a major presence in downtown Tampa include Bank of America, BB&T, Marshall & Ilsley, PNC Financial Services, SunTrust, Sykes Enterprises, TECO Energy, and Frontier Communications. The hotel is also proximate to the University of Tampa, Straz Performing Arts Center, Tampa Convention Center, and the Port of Tampa.

The Residence Inn by Marriott Tampa Downtown features 109 studio, one and two-bedroom suites, each with fully-equipped kitchens. The hotel offers a 24-hour business center and fitness center, laundry facilities, grocery shopping service and complimentary internet access throughout the hotel. Guests can enjoy a complimentary hot breakfast, served daily in the Gatehouse, as well as evening socials each Monday through Wednesday. Other amenities of the pet-friendly hotel include an outdoor pool, whirlpool, BBQ & picnic area and SportCourt. The hotel also offers nearly 1,000 square feet of flexible meeting and board room space.

Less than a mile from the hotel, the Channel District is undergoing a $3 billion redevelopment and the University of South Florida College of Medicine is opening a new facility next year which will bring over 2,275 faculty, researchers, and students to the area.

"Downtown Tampa is in the midst of an urban renaissance with expansive new residential and commercial development in the heart of a city with deep demand generators already in place," said Noble principal, Ben Brunt. "The Residence Inn by Marriott offers us the ability to acquire the best in class extended-stay brand in this exciting market while gaining operational efficiencies paired with Noble's adjacent hotel, the Courtyard by Marriott Tampa Downtown." 

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