Strategic Property Partners to Develop 173-Room EDITION Hotel Within $3B Water Street Tampa Project

The EDITION hotel in Tampa will feature 173 rooms in addition to ground-floor retail space and a rooftop pool.

TAMPA, FLA. — Strategic Property Partners LLC (SPP) has unveiled plans to develop a 173-room EDITION hotel in Tampa. The hotel will be part of a 26-story tower in the heart of Water Street Tampa, a $3 billion mixed-use development from SPP.

EDITION is a modern luxury brand that Marriott International (NASDAQ: MAR) launched in fall 2013. There are currently EDITION hotels in New York, Miami, London and China, with seven new properties scheduled to open this year.

The Tampa EDITION will feature multiple social and amenity spaces for guests, including a rooftop pool, bar and restaurant, spa and fitness center. The ground-floor space will house several restaurants and shops, which have yet to be announced.

Water Street Tampa will also include a JW Marriott luxury hotel, which is slated to open in 2020. Furthermore, SPP has unveiled plans to fully renovate an existing 727-room Marriott Waterside Hotel & Marina. Combined, these three properties will account for 1,419 hotel rooms and over 150,000 square feet of meeting and event space.

Water Street Tampa is a multi-phase, 50-acre project that will include more than 9 million square feet of commercial, residential, hospitality, educational, entertainment, cultural and retail space, with the first buildings breaking ground this year.

SPP is a real estate investment joint venture between Cascade Investment LLC and Jeff Vinik, owner of the Tampa Bay Lightning. The partnership will own and operate Water Street Tampa, which is expected to be under construction until 2027.

— Kristin Hiller

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