Blackstone buying Tampa Westin

The owner of the Westin Harbour Island hotel in Tampa, Fla., is selling the hotel and surrounding property, including a restaurant, to Blackstone Group for a reported $49.5 million. Wilder Corp. has owned the property since 2005, reports The Tampa Tribune.

Collectively called Knights Point, the complex sits at 601 S. Harbour Island Blvd. at the northwest corner of Harbour Island, where a bridge from downtown Tampa meets the island.

Wilder originally bought the overall set of parcels in 2005 for a total of about $32.8 million.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


The 12-story Westin has been a signature hotel in the downtown district, and the Jackson’s site has long been a popular waterfront restaurant.

“Blackstone had been leasing some property there from us before,” Wilder said, “and then they suggested they wanted to buy it two months ago.”

In addition to the Westin, Blackstone also reportedly acquired a Homewood Suites near Richmond, Va., for $8.8 million.

Read more on

Suggested Articles

The company intends to raise $100 million from investors to source mezzanine loan and preferred equity transactions in the hospitality sector.

With the transfer of 103 management and branding contracts, Sonesta's portfolio has more than doubled.

Airbnb has confidentially filed with the Securities & Exchange Commission to go public, with the number of shares and price range yet to be revealed.