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Crowne Plaza Tampa Westshore
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Built: 1973
Acquired: 2007
Renovated: 2008
Rooms: 222
Meeting Space: 10,000 SF
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Opportunity:
Premier Tampa location:
Tampa’s Westshore Corridor, the city’s corporate, entertainment, dining and shopping district
2 miles from Tampa International Airport
Neighbored by Class A Office Space and high-end residential community
Less than 1 mile from upscale dining and shopping opportunities
Severely distressed asset that had been closed for approximately 2 years
Acquired at significant discount to replacement cost
Value Added by MDH:
$22.0 million PIP renovation completed Spring 2009 included: new ballroom and restaurant structures, new exterior façade and window systems, complete reconfiguration of 1st and 2nd floor public and meeting spaces, creation of 44 cabana suites adjacent to new resort style pool area, total gut and remodel of all other hotel spaces
Crowne Plaza license agreement through 2019
Hotel was awarded 2009 Renovation Award from Intercontinental Hotels Group in recognition of the redevelopment efforts