Westshore Grand Hotel Acquired by Tampa Developer, Major Renovations Planned

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 announcement Thursday, Oct. 29.

October 30, 2026 by Chuck Merlis

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https://tbbwmag.com/2026/10/30/westshore-grand-acquisition/