Blackstone acquires Tampa Bay DoubleTree

Blackstone Group acquired the DoubleTree Tampa Airport Hotel in Westshore for $35.6 million, according to Hillsborough County property records.

Blackstone's deal, which closed Aug. 5, breaks down to to $72,000 per key. The seller was GE Capital Real Estate.

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The 489-room, full-service hotel at 4500 W. Cypress St. was built in 1973. The price recorded in property records may not represent the full price of the transaction as it sometimes doesn't include all of the assets that come with the hotel, such as furniture.

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Construction of the hotel on the site of the historic Equity Chambers building has commenced and the project is expected to open by Q2 2020.

The co-located conferences gave attendees the opportunity to hear from executives as well as explore new products and trends.

The report looks at what food-and-beverage options would lead guests to choose one hotel over another and to stick with a certain brand.