​Tampa-based Ally Capital Group has purchased the Westshore Grand, bringing the 11-story hotel and two conjoined office towers under single ownership for the first time in 42 years. Mark Parker Nov 3, 2026 · 3:18 PM · Updated Nov 4, 2026 View Full Article: https://tampabayreporter.com/great-opportunity-tampa-firm-acquires-westshore-grand-announces-upgrades/

The 325-room Westshore Grand hotel in Tampa has a new owner, and it's one that already controls a chunk of the surrounding skyline. Ally Capital Group has acquired the property at 4860 West Kennedy Boulevard, with plans for an extensive renovation that will run in phases through 2027 and 2028. By Wei Chen View Full Article: https://hoodline.com/2026/10/tampa-developer-snaps-up-325-room-westshore-grand-plots-2028-overhaul/

The hotel is part of a mixed-use complex that sits at one of Tampa's busiest intersections. By Ashley Gurbal Kritzer – Editor at Large, Tampa Bay Business Journal Oct 30, 2026 Updated Nov 2, 2026 12:06pm EST View Full Article: https://www.bizjournals.com/tampabay/news/2026/10/30/westshore-grand-ally-capital-group.html

Tampa-based Ally Capital Group has acquired the 325-room Westshore Grand hotel, with plans for an extensive renovation of the property that will continue through 2028. The purchase expands the private equity real estate firm’s holdings in Westshore, where it already owns the neighboring Urban Centre I and II office towers, acquired for $123 million in 2023. Ally is partnering with Black Diamond Capital on the hotel acquisition and planned renovations, according to an announce

The joint venture partnership is planning millions of dollars in improvements to the cylindrical limestone tower. By Ashley Gurbal Kritzer – Editor at Large, Tampa Bay Business Journal Apr 6, 2026 View Full Article: https://www.bizjournals.com/tampabay/news/2026/04/06/rivergate-tower-andrew-wright-ally-capital-group.html

Tampa's iconic Rivergate Tower is slated to receive an $8 million renovation following an ownership shakeup that added a local private equity investment firm to the team. Banyan Street Capital recapitalized the 31-story tower in a joint venture by bringing on Ally Capital Group as a partner for an undisclosed sum. The partners said they plan to launch a renovation of what locals affectionately call the "Beer Can Building" that will include upgrades to the city’s Riverwalk, th

Ally Capital Group and Banyan Street have partnered to recapitalize Rivergate Tower in downtown Tampa, marking a new joint venture between two active Florida real estate investors. The 31-story office tower at 400 N Ashley Drive is one of the most recognizable buildings in Tampa’s skyline, known for its cylindrical design and waterfront position along the Hillsborough River. Terms of the transaction were not disclosed. April 6, 2026by Chuck Merlis View Full Article:...

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