Blackstone Group acquires the Westin Tampa Harbour Island for $46.5M

The Blackstone Group acquired the Westin Tampa Harbour Island and retail complex Knights Point for a combined $46.5 million.

Clearwater-based Wilder Corp. sold the 299-room hotel and Knights Point to Blackstone in a deal that closed Sept. 2, according to Hillsborough County deeds filed late Friday.

Knights Point, home to waterfront eatery Jackson's Bistro, will be spun off to Tampa developer Convergent Capital Partners.

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Convergent will work together with Blackstone to renovate the hotel and retail complex and its shared exterior areas.

“Blackstone is excited about the opportunity to consolidate our ownership in this Class A asset in one of the best locations in Tampa," Glenn Alba, managing director of Blackstone, said in a statement. "While day-to-day operations at the Westin will not change, we look forward to working in collaboration with Convergent to renovate this property, making this a premier destination.”