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Davidson Enters Joint Venture To Acquire Tampa Airport Sheraton

Monday May 5th, 2008 - 11:07AM

TAMPA— Square Mile Capital Management LLC and Davidson Hotel Company have formed a joint venture to acquire the Sheraton Suites Tampa Airport/Westshore in Florida. The 259-room hotel was sold by Host Realty Partnership LP for an unspecified amount. The hotel will undergo a nearly $14 million renovation, scheduled to begin in 2009. In addition to managing the property operations, Davidson will also coordinate the renovation.