Using WP_Query in PHP Code Widget: Getting Custom Meta Box Content

I’m using the following code to display a custom post type panel in the sidebar using the PHP Code widget.

<?php
$loop = new WP_Query( array( 'post_type' => 'spotlight', 'posts_per_page' => 1 ) );
while ( $loop->have_posts() ) : $loop->the_post();
$data = get_post_meta( $post->ID, 'spotlight', true );
echo '<div class="spotlight-content">';
echo '<a href="';
<?php echo $data[ 'spotlighturl' ]; ?>
echo '">';
 the_post_thumbnail();
echo '</a>';
echo '<h3 class="hitme">';
echo '<a href="';
the_permalink();
echo '">';
the_title('', '');
echo '</a>';
echo '</h3>';
  the_content();
  echo '</div>';
endwhile;
?>

I can’t seem to get the following to pass as a link:
<?php echo $data[ 'spotlighturl' ]; ?>

Can someone help me figure out what I’m doing wrong? I need to figure this out before 4pm EST today and no one in-house can help me.