Lightning Owner Vinik Closes on Waterside Marriott

MarriotTampa Bay Lightning owner Jeff Vinik has just purchased the Tampa Marriott Waterside Hotel and Marina for a paltry $150 million. Through his real estate holding company, Strategic Property Partners, Vinik closed the cash transaction on October 1st.

Vinik has had his eye on the hotel for several months and even mentioned he was looking to buy the hotel in September. “SPP is excited to acquire this centerpiece downtown property, further advancing our plans for the development of America’s next great urban waterfront district, right here in Tampa,” Vinik said in a statement.

The 719-room hotel was built in 2000 and has over 50,000 square feet of meeting and convention space. The Marriott is just the most recent of his acquisitions, as Vinik now owns over 25 acres of downtown Tampa. He now holds the ground lease to Channelside Plaza as well.

If all goes according to his plans, Cascade Investments, controlled by Bill Gates, will partner with Vinik for a “billion dollar” deal. The team has been purchasing properties along the Channel district area and around what is now known as Amelie Arena. His vision is to open the city up to waterfront views while expanding the work/play/live urban lifestyle.