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.
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