(CHICAGO, IL; October 21, 2015) – Oxford Capital Group, LLC today announces the acquisition of The Bay Harbor Hotel & Conference Center in Tampa Bay, Florida. In the coming year Oxford will unveil plans to dramatically transform the well-known waterfront property into an upscale lifestyle hotel.
"We are excited to be acquiring this extremely well located, full service, waterfront hotel at an attractive basis. While the hotel is already performing quite well, we believe there is significant additional upside aesthetically, operationally, and from an overall market positioning perspective," says John W. Rutledge, founder, president and CEO of Oxford Capital Group, LLC and its wholly owned management affiliate Oxford Hotels & Resorts, LLC.
The hotel, which sits on 6.69 prime waterfront acres, currently features 261 spacious guest rooms, all with patio or balcony, including 11 suites. It is located in the prestigious Rocky Point area of the Westshore District, along the Tampa Bay waterfront. The hotel also features over 9,400 square feet of meeting and event space, a 20,000-square-foot indoor/outdoor restaurant, three bars, its own private beach with volleyball and soccer, an outdoor sound stage, a distinctive wooden pier and boat dock, Jet Ski rentals, heated outdoor pool, 24-hour fitness center, gift shop, guest laundry and 295 surface parking spaces.
The Bay Harbor Hotel, which had long been owned and utilized by George M. Steinbrenner and the New York Yankees, offers a centralized location, proximate to the area’s numerous attractions, including: Busch Gardens, Adventure Island, The Florida Aquarium, Tampa Convention Center, Florida State Fairgrounds, Amalie Arena, George M. Steinbrenner Field, Raymond James Stadium, and the beautiful beaches of Clearwater and St. Petersburg.
The terms of the sale are not disclosed at this time.