Largo investor Ben Mallah has sold off a hotel for more than double what he paid for it in 2012.
Source: www.bizjournals.com
Oxford Capital Group, based in Chicago, paid $34.5 million for the 261-room hotel on 6.69 acres, according to a news release.
Equity Management Partners Inc., acquired the hotel for $15.25 million in April 2012, according to Hillsborough County property records, and spent several million dollars renovating the property.
The Rocky Point and Westshore area continues to show strength in all asset classes as the geographic and economic center of Tampa Bay.