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Davidson Hotel Company
Davidson Hotel Company/Square Mile Capital Management JV Acquires Sheraton Suites Tampa Airport/Westshore
May 21st, 2008
Square Mile Capital Management LLC and Davidson Hotel Company, one of the nation's largest hotel management companies, announced their joint venture acquisition of the 259-room Sheraton Suites Tampa Airport/Westshore in Florida, from Host Realty Partnership LP for an unspecified amount. The hotel will undergo a nearly $14 million renovation, scheduled to begin in 2009. In addition to managing the property operations, Davidson will also coordinate the renovation. "This is our first joint venture acquisition with Square Mile Capital Management, and we're very pleased to launch our relationship with such a strong asset," said John A. Belden, Davidson's president and chief...
Source: Fitness & Wellness Business Week (2008-05-21)
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