Castlerock Asset Management Diversifies Hospitality Portfolio With the Acquisition of Westin Tampa Bay
Nashville's Premier Real Estate Development and Asset Management Firm Expands South of Tennessee With New Tampa Bay, Florida Project
Castlerock Asset Management announced today the acquisition of the waterfront Westin Tampa Bay, marking the fourth project from the Nashville-based real estate development group. Upon acquisition, Castlerock will begin a long-term investment that will bring Westin Tampa Bay to its fullest potential by the end of 2020.
"Tampa is bustling with fresh hospitality developments so it's a really exciting time and market for us to enter," said Vice President of Castlerock Asset Management Ray Waters. "We envision Tampa emerging into a vibrantly sought-after destination much like our home base Nashville and is the reason why we chose the Westin Tampa Bay as our first endeavor beyond our roots. We're also very much looking forward to growing our partnership with Westin Hotels & Resorts and bringing our unique vision to the local community through Westin's wellness lens."
The Westin Tampa Bay is a AAA Four Diamond hotel, and Castlerock's second Westin property, joining The Westin Nashville. Specializing in unique-and-distinctive commercial properties designed to enrich surrounding communities, Castlerock looks forward to infusing new energy into the local community while nurturing Westin Hotels & Resorts' core wellness mindset, premier amenities, elevated service and sophisticated ethos. Headquartered in the heart of Nashville, Castlerock brings a highly creative and sophisticated dynamic mindset to their distinctive portfolio which also currently includes the Bobby Hotel, The Westin Nashville and The Oak steakhouse.