Project In Development

Hyatt Place & Hyatt House Tampa

  • Status

    Under Construction

  • Scheduled Completion

    2020

  • Units

    Hyatt Place - 230 Guestrooms, Hyatt House - 115 Guestrooms

  • Type

    New Construction

  • Further strengthens our partnership with Hyatt by developing a new construction, urban dual brand hotel concept that drives profitability through the sharing of common services and back of house resources.
  • Includes an integrated 220-space parking garage to meet City of Tampa requirements to provide a 24/7 public parking amenity for Downtown visitors; 4,000 square feet of meeting space; and 3,200 square feet of ground floor commercial space.
  • Received a $1.0MM grant from the State of Florida Department of Environmental Protection to facilitate the remediation of this Brownfield designated site.
  • Secured $33.8MM in NMTC allocation to leverage debt and equity financing to fund the remediation and public-infrastructure requirements of this impactful project.
  • Consistent with our commitment to NMTC investors in this project, we will implement an innovative best-in-class brand-standard hospitality training program that will create quality, career path jobs for low-income residents of Downtown Tampa.
  • An integrated Autonomous Vehicle charging station on North Marion Street will help launch the Hillsborough Area Regional Transit Authority’s (“HART”) new downtown driverless electric shuttle further supporting this transit-oriented project that already conveniently provides direct stops at the property from three of HART’s local transit service lines (the In-Towner, the Airport service line, and the local Downtown line).
 
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