Refinancing secured by JLL for Aloft Tampa Downtown

NEW YORK CITY, Jun. 4, 2025 – JLL's Hotels & Hospitality Group announced today that it has arranged a refinancing for the Aloft Tampa Downtown, a 130-key hotel located in the heart of Tampa's urban core.

JLL worked on behalf of Newbond Holdings (“Newbond”) to secure a five-year, floating-rate loan provided by funds managed by affiliates of Fortress Investment Group.

The Aloft Tampa Downtown is strategically located at the corner of Kennedy Boulevard and the Tampa Riverwalk. The hotel is within walking distance of key attractions such as Water Street, the Convention Center, Amalie Arena, Armature Works, The University of Tampa and Tampa General Hospital.

Originally constructed in 1965 as a bank branch, the nine-story building was converted into a hotel in 2014. The hotel features 130 rooms, two food and beverage outlets (bar and breakfast), a large lobby with ample natural light, an outdoor pool and deck overlooking the Hillsborough River, a 738-square-foot meeting room, a well-equipped gym and on-site valet parking.

The JLL Hotels & Hospitality team was led by Americas CEO Kevin Davis, Managing Director Mark Fisher, Senior Directors Jillian Mariutti and Wyatt Krapf and Analyst Martha Duff.

"This refinancing recognizes Aloft Tampa Downtown's exceptional performance and Newbond Holdings' strategic improvements," said Davis. "The hotel's RevPAR consistently outperforms its competitive set, and this new financing will enable the sponsor to further capitalize on Tampa's dynamic market, driven by record population growth and corporate investment."

JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling $83 billion worldwide. The group’s 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.

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Newbond Holdings is a real estate and hospitality-focused investment platform focused on debt and equity positions across multiple real estate product types, as well as investments in related operating businesses and technology platforms. As a vertically integrated operating and investment platform, Newbond is uniquely positioned to create significant value beyond the typical investment process through creative structuring, operations, and the development of single and multiple asset brands

Fortress Investment Group LLC is a leading, highly diversified global investment manager. Founded in 1998, Fortress manages $50 billion of assets under management as of 31 December 2024, on behalf of approximately 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. AUM refers to assets Fortress manages, including capital that Fortress has the right to call from investors, or investors are otherwise required to contribute, pursuant to their capital commitments to various funds or managed accounts. For more information, please visit www.fortress.com