Hotel developer, HRI Properties, recently bought a city-owned block next to Tampa’s City Hall, at the corner of E Kennedy Boulevard and N Florida Avenue, for the tidy sum of $7.6 million. That’s where it will soon break ground on the Hyatt Place and Hyatt House hotel construction project.
Two years ago, Tampa invited companies to submit development proposals for the acre of land, which used to be the Cold Storage Café in days gone by.
The city chose HRI Properties – which is based in New Orleans – over two other bidders, because it said it “liked Tampa for its strong job creation and its impressive numbers on hotel revenue per available room”.
The project is made up of a 17-story, 230-room Hyatt Place hotel, and a 115-room Hyatt House hotel. It will boast about 4,000 square feet of meeting space, 3,200 square feet of ground floor retail space, and a 220-space parking garage.
A. Thomas Leonhard Jr – HRI Properties president and CEO – says: "The project will be a great addition to Tampa’s central business district, creating 110 full-time positions and helping attract new business and leisure visitors to the local area.”Rendering courtesy HRI Properties/Baker Barrios
To check out the Latest Tampa Bay Listings, click here