The Real Deal Miami

Developer pays $7.6M for downtown Tampa site to build dual-brand Hyatt hotel

New Orleans-based HRI Properties plans to build a 17-story hotel with a 230-room Hyatt Place and a 115-room Hyatt House on a one-acre site next to Tampa City Hall
November 11, 2018 03:30PM

Hyatt Place and Hyatt House hotel rendering (Credit: HRI Properties | Baker Barrios)

A New Orleans-based firm paid the city of Tampa $7.6 million for a one-acre downtown site where it plans to build a dual-brand Hyatt hotel.

HRI Properties plans to build a 17-story hotel on the one-acre site that would open in late 2020 and operate under the Hyatt Place and Hyatt House brands.

In 2016, the city government of Tampa issued a request for development proposals for the downtown site at the corner of East Kennedy Boulevard and North Florida Avenue, near Tampa City Hall. HRI outbid two other developers.

The New Orleans-based firm plans to combine a 230-room Hyatt Place hotel and a 115-room Hyatt House hotel in the same 17-story structure.

Other components of the planned development would include a 220-space public parking garage, 3,200 square feet of ground-floor retail space and 4,000 square feet of meeting space. [Tampa Bay Times]Mike Seemuth