Kolter Picks Up Vintage Tampa Bay Hotel

The Kolter Group acquired the Hilton St. Petersburg Bayfront from Ashford Hospitality. The 60-year old hotel sold for $67.2 million. The Tampa Business Journal reports that with items like furniture, fixtures, and equipment included in the final price, Kolter would pay $96 million in cash for the property. The TBJ speculates that Kolter may hold onto the...