Loci Capital's Strategic Hotel Sale
Loci Capital Opportunistic Fund, LP, a prominent player in real estate investment, has successfully sold the Hilton St. Petersburg Carillon Park. This luxurious hotel, known for its prime amenities, features 227 rooms across nine stories and is situated in a thriving business area. The managing partner, HHM Hotels, reinforced their commitment to enhancing the property's future.
Investment Partnership Success
Shawn Tuli, Chief Investment Officer at HHM Hotels, highlighted the success of their partnership. "This sale is a triumphant end to our investment collaboration at Hilton Carillon. We're excited to steer this property towards a new vision under fresh ownership." This demonstrates the fruitful alliances built during the hotel's stewardship.
Enhanced Property Features and Investment
Originally built in 2006, the hotel offers over 16,000 square feet designated for meeting spaces. Loci Capital's involvement began in January 2021, coinciding with the launch of its initial opportunistic fund. Notably, the property benefitted from its strategic positioning and a meticulous capital improvement strategy.
Hospitality Strategy and Market Performance
Damien Greenwood, Head of Hospitality at Loci Capital, shared insights into the acquisition's success. He stated, "By acquiring the Hilton Carillon at an exceptional basis and executing a clear business strategy, we capitalized on the long-term growth potential in the Tampa Bay area." Such perspectives demonstrate Loci’s profound understanding of market dynamics.
Significant Enhancements Made
This partnership has resulted in various enhancements over time. The hotel underwent a comprehensive food and beverage rebranding, renovation, and incorporated a Starbucks outlet. This was complemented by ballroom renovations and a model guestroom upgrade in 2025, paving the way for major future renovations.
Commitment to Investors
According to Casey Wilson, Managing Principal and Head of Investor Relations at Loci Capital, this divestment reflects their strategy of realizing investments and ensuring capital returns to investors. Since 2021, Loci has successfully executed nine investment round-trips, with their opportunistic fund ranking highly in performance metrics.
About Loci Capital
Loci Capital is a middle-market private real estate investment firm based in Florida, focusing on the Southeastern U.S. They bridge capital market expertise with operational execution, enabling them to identify and manage investments adeptly across various market conditions. This firm has invested approximately $350 million in equity for real estate ventures totaling over $1.4 billion since its establishment.
About HHM Hotels
HHM Hotels is a renowned hotel management and investment firm operating over 235 hotels across the U.S. and Canada. Known for their expertise in managing properties from major brands such as Marriott and Hilton, HHM Hotels is committed to driving superior results for its stakeholders through innovation and accountability.
Contact Information
If you seek more information about Loci Capital, reach out to:
Loci Capital
Casey Wilson, Head of Investor Relations
cwilson@locicapital.com
+1.929.294.9403
For inquiries regarding HHM Hotels, please contact:
info@hhmhotels.com
Frequently Asked Questions
What hotel did Loci Capital recently sell?
Loci Capital sold the Hilton St. Petersburg Carillon Park hotel.
Who managed the Hilton Carillon hotel?
HHM Hotels managed the Hilton Carillon during its ownership by Loci Capital.
What is the significance of this sale?
The sale reflects Loci Capital's ongoing strategy to realize investments and return capital to its investors.
What renovations were made to the hotel?
Renovations included food and beverage rebranding, a Starbucks outlet, and ballroom upgrades.
How has Loci Capital performed since its inception?
Loci Capital has successfully executed nine round-trips of investments and is among the top decile performers in its fund category.
