Bain Capital and Smith Hill Capital Complete $94 Million Refinancing for Tampa's 281-Key Hotel Cala Renovation
🏨 Bain Capital and Smith Hill Capital have finalized a $94 million refinancing to renovate and rebrand a 281-room hotel as Hotel Cala in Tampa's Riverwalk District. Formerly a Sheraton, this seven-story property will transform under the Curio Collection by Hilton with revamped guest rooms, meeting spaces, and a destination pool deck. Positioned on the Hillsborough River, Hotel Cala aims to attract both business and leisure travelers, leveraging Hilton's 200 million-member loyalty platform.
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