The group behind the historic Cordova Inn boutique hotel, the oldest hotel in St. Petersburg, has executed a $20 million loan for a major expansion.
Largo-based TDZ Capital, under the TDZ Cordova entity that’s part of the New Hotel Collection management group, secured the $20 million loan on Feb. 3 from Oklahoma-based Firstar Bank, according to public records.
“We have an existing relationship with Firstar Bank. Our loans have performed very well with them. They were aggressive in getting our business for the Cordova Inn,” New Hotel Collection founder and CEO Tommy Del Zoppo said.
