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

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

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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