Newmark introduced that the corporate has organized a $94.36 million mortgage on behalf of Newbond Holdings and Apollo (collectively, the “Sponsor”) to refinance Lodge Cala, a 281-key property in downtown Tampa, Florida. The financing was offered by Bain Capital and Smith Hill Capital and was secured by Newmark Co-President, World Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani, Senior Managing Director Ricky Braha, Managing Director Tyler Dumon, and Affiliate Tate Keir.
Lodge Cala, previously the Lodge Tampa Riverwalk, is a seven-story property positioned in Tampa’s Riverwalk District, providing direct waterfront entry and proximity to the town’s premier enterprise, conference, and leisure locations. The Sponsor is executing a complete repositioning technique, together with a full renovation and rebranding of the asset right into a luxurious life-style resort underneath the Curio Assortment flag, with upgraded guestrooms, assembly areas, and amenity choices, together with a meals and beverage idea.
Property Particulars
The resort is situated alongside the Tampa Riverwalk, immediately overlooking the Hillsborough River. Its accessible place gives connectivity to the Riverwalk and locations it inside strolling distance of quite a few key demand drivers, together with the Tampa Conference Heart, Benchmark Worldwide Enviornment, Tampa Basic Hospital, the College of Tampa, and Cascade Funding’s $3.5 billion Water Avenue growth.
