DoubleTree by Hilton Hotel Jacksonville Riverfront to become Hotel Bellamy

The Downtown Southbank property will get a $14.6 million renovation to be completed by 2027.

  • By Max Marbut
  • | 12:00 a.m. July 10, 2024
  • | 0 Free Articles Remaining!
The DoubleTree by Hilton Hotel Jacksonville Riverfront at 1201 Riverplace Blvd. in Downtown Jacksonville will be renovated and renamed Hotel Bellamy.
The DoubleTree by Hilton Hotel Jacksonville Riverfront at 1201 Riverplace Blvd. in Downtown Jacksonville will be renovated and renamed Hotel Bellamy.
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The owner of the DoubleTree by Hilton Hotel Jacksonville Riverfront on the Downtown Southbank said July 9 it plans a $14.6 million renovation of the property and will rename it Hotel Bellamy.

Sotherly Hotels Inc. said in a news release that it refinanced the hotel at 1201 Riverplace Blvd. with Fifth Third Bank. It said the loan has an initial principal balance of about $26.25 million, with an additional $9.49 million for hotel improvements.

“We are pleased to announce the completed refinance as well as the relaunch plans for our Jacksonville asset. Given the current lending environment, we view the completion of the refinancing of the mortgage loan for this Hotel with Fifth Third Bank as a positive outcome for the Company,” Dave Folsom, CEO of Sotherly, said in the release. 

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