The Opportunity

Berkadia Real Estate Advisors LLC is pleased to offer, on an exclusive basis, the opportunity to acquire fee-simple interest in The CURRENT Hotel, Autograph Collection (the “Hotel”, “Property”, or “Current”). ​ Recently opened in August 2019, the 180-key Current is prominently situated on the waterfront doorstep of Tampa Bay, Florida, on the island of Rocky Point. The Hotel enjoys an irreplaceable location five minutes west of Tampa International Airport and ten minutes from Downtown Tampa. The highly amenitized “urban resort” is an extremely rare and compelling investment opportunity given its new construction build, panoramic waterfront views from every guestroom, and premium Autograph Collection by Marriott brand.

The CURRENT Hotel, Autograph Collection is a brand new, turnkey, boutique asset perched on the waterfront doorstep of Tampa Bay. With a sophisticated building design that accentuates panoramic water views f rom all guestrooms, event spaces, and food & beverage outlets, the Hotel offers guests a hospitality experience unlike any other in the region. The Hotel's eff icient and manageable size features 180 guestrooms, 5,400 SF of indoor meeting spaces, and a strong food and beverage mix between the Julian 3-meal restaurant and Rox Rooftop Bar. Additionally, the Current's premium Marriott soft-branded aff iliation leverages the world's most powerful Marriott Bonvoy loyalty program and reservation system.

Tampa has emerged as arguably the most desirable hotel investment market in the country today, and The CURRENT Hotel, Autograph Collection represents a “best of the best” offering.

investment Highlights

New Property Opened in 2019
Tampa Bay is One of the Most Resilient
Lodging Markets in the Country
All Waterfront Views from Guestrooms
Best in Class Soft Brand Affiliation in Marriott’s
Autograph Collection
Irreplaceable Waterfront Location
Food & Beverage, Beach, and Waterfront Value Add Opportunites

THE HOTEL

GALLERY

LOCATION

The Current enjoys an irreplaceable waterfront location in the Rocky Point submarket near the crossroads of the Courtney Campbell Causeway and the Veteran’s Expressway, two of Tampa’s most important thoroughfares, and adjacent to Tampa International Airport. The Hotel is within 15 minutes of over 200,000 employees and 25 minutes from the 2018 and 2019 #1 “Best Beach in the U.S.” Clearwater Beach.

Moreover, the Hotel is located nearby new large-scale developments that will lead to robust economic growth for the area. The $500M Midtown Tampa project is largely complete, while Tampa International Airport’s $2 Billion long-term capital plan has completed two of three phases with the commercial component now complete. Backed by Bill Gates’ Cascade Investments and Tampa Bay Lightning owner Jeff Vinik, the first phase of the $3B Water Street project features over five million square feet of space that will be delivered by 2022. These massive investments prove that Tampa has evolved into a true 18-hour city ready to compete with the likes of Austin, Nashville, and Charlotte for luxury tourism, high-paying jobs, and primetime citywide events. The Current is extremely well-positioned to drive market-leading performance in the years ahead as it becomes the crowning jewel of this desirable and high-growth market.

investment advisory

DAVE WEYMER

Managing Director

410.336.9997

Dave.Weymer@Berkadia.com

MICHAEL WEINBERG

Managing Director

321.319.1419

Michael.Weinberg@Berkadia.com

PRESTON REID

Managing Director

813.675.0113

Preston.Reid@Berkadia.com

WYATT KRAPF

Senior Director

484.356.8197

Wyatt.Krapf@Berkadia.com

mortgage banking

ANDY COLEMAN

Senior Managing Director

240.204.5132

Andrew.Coleman@Berkadia.com

MICHAEL WEINBERG

Managing Director

321.319.1419

Michael.Weinberg@Berkadia.com

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