W&D Facilitates $76M Deal For DoubleTree Tampa Rocky Point Waterfront

TAMPA, FL — Walker & Dunlop, Inc. announced that it facilitated the off-market sale and financing of the 291-key full-service DoubleTree by Hilton Tampa Rocky Point Waterfront to BlackPearl Hospitality LLC for $76 million.

Walker & Dunlop’s NY Capital Markets team, led by Sean Reimer, managing director, acted as advisers on behalf of BlackPearl.

In 2022 the team closed on over $1.4 billion in hotel transactions, with nine sponsors and eight capital partners.

“The hotel industry is a $3 trillion asset class within commercial real estate. Hospitality has become an increasingly attractive investment opportunity, and attention to the sector has heightened under the financial adjustments caused by the worldwide pandemic,” said Reimer. “We are thrilled to play a role in this project with this unique property as well as work with our trusted partners at BlackPearl.”

Originally built in 1986, the DoubleTree recently underwent a comprehensive $17.9 million renovation. The hotel sits on 4.34 waterfront acres on Tampa’s Rocky Point peninsula, a short drive to Tampa International Airport, Raymond James Stadium and the Westshore business district.

“Walker & Dunlop’s hospitality finance experts were very helpful in the advisory process,” said Michael Tacorian at BlackPearl. “Given the hotel’s premier location, brand flag, and market positioning, it is poised to capture a major share of demand in the area. We look forward to watching this property serve its community for years to come."