Shamrock-Hostmark Buys DoubleTree in Tampa

Encore Hospitality LLC sold 489-room Tampa DoubleTree Westshore Airport to Shamrock-Hostmark Tampa WestShore Hotels, LLC, a wholly owned subsidiary of Shamrock-Hostmark Hotel Fund, LP for more than $40 million.

Atlanta-based Hodges Ward Elliot (HWE), a hotel brokerage and investment banking firm, led the $40 million transaction. With this latest transaction, HWE reached a year-to-date transaction volume of more than $3 billion.

The buyer will keep the DoubleTree flag and hotel operations will remain under Hostmark Hospitality Group. Improvements to the property have not been announced.