TAMPA, FL-A joint venture comprising an affiliate of Driftwood Hospitality Management LLC has acquired a 521-room hotel in downtown Tampa for an undisclosed price. The former Hyatt Regency Tampa hotel will immediately become a Hilton affiliated hotel called the Hotel Tampa. The new ownership plans a major renovation on the hotel in 2013 and will rename it to the Hilton Hotel Downtown Tampa after it achieves certain milestones in renovation.
The $13 million renovation is slated for completion during Q4 2014. For the full story, go to Tampa Bay Business Journal .
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