(954) 450-1929 info@condohotelcenter.com

Ora Hotel and Private Residences

Tampa Condo Hotel Pre-Preconstruction Opportunity

Hello, Joel Greene here from Condo Hotel Center.

I have family members who live in Tampa, Florida, so a couple times a year, my wife Jackie and I head there to visit and occasionally to take in a rock concert at Amalie Arena or a Buccaneers football game at Raymond James Stadium.

Lately, we’ve noticed a new, major development that’s transforming downtown Tampa – Water Street. A massive 56-acre, $4 billion development, it has nearly doubled the footprint of the city’s downtown.

The Water Street project, when complete in late 2027, will eventually total 9 million square feet of walkable streets connecting homes, offices, shops, restaurants, hotels and green space – all along an accessible waterfront.

The property I have for you today is a to-be-built luxury condo hotel near the Water Street development. Read on for details.

Lavish Living in Downtown Tampa

Ora Hotel and Private Residences will be a $540 million, luxury, boutique condo hotel with a prominent location in downtown Tampa. It will be an upscale development boasting the kind of first-class amenities you would expect in the world’s finest hotels.

Ora Hotel and Private Residences
Ora Hotel and Private Residences will be an upscale, boutique condo hotel.

A 40-story, high-rise, Ora will feature 45,000 sq. ft. of amenities including:

  • 10,000 sq. ft. signature restaurant
  • Café
  • Lobby bar
  • 15,000+sq. ft. convention space
  • High-end, full-service spa
  • Fitness center with steam room, infrared saunas and plunge tubs
  • Large pool deck with large hot tub
  • Lap pool with infinity edge
  • Gazebos and large outdoor screened area
  • Covered restobar (combination restaurant and bar)
  • Daycare center

The property will be marketed primarily to convention groups, city vacation dwellers and business travelers. It will also be promoted as a destination for special events such as weddings, anniversaries and sporting events. 

Because it’s a condo hotel, owners will have the option of using their unit or placing it in the rental program of the hotel to earn revenue. The hotel will be managed by a world-renowned GM who has previously operated other luxury hotels. The units will be promoted on platforms such as Expedia, Booking.com, Airbnb and VRBO, all of which the developer has used successfully with prior Tampa-area properties to attain high occupancy rates.

A Pre-preconstruction Opportunity

As you know, I try to tell you about developments newly on the market, usually in the preconstruction phase, which assures you the best pricing and best selection of inventory.

Ora Hotel and Private Residences is currently in what I would describe as the pre-preconstruction phase. It’s a unique opportunity to get in as a “founder” of this development and potentially realize significant profits when you sell.

Ora Hotel and Private Residences
Only 20 units in this condo hotel are to be sold at developer cost.

People who buy into Ora will get their unit at the developer’s cost. The minimum investment is $600,000, which is the estimated retail cost of a typical, fully furnished, two-bedroom unit of approximately 900 sq. ft. That same unit is expected to be priced north of $900,000 once sales begin to the general public later this year and nearly double by the time the property is completed.

The developer plans to part with only 20 units in this pre-preconstruction phase. These early-founder buyers will have first pick of the units.

Here’s the Backstory

My company, Condo Hotel Center, has worked with the Ora Hotel & Private Residences developer since 2018 to sell condos in three different properties in the Tampa Bay area:

  • The Avalon, Clearwater Beach, FL
  • Azure, Clearwater Beach, FL
  • Ocean Club, Treasure Island, FL

The Avalon, which opened just two years ago, was rated the #1 hotel resort in Clearwater by Leisure magazine and has the highest Expedia satisfaction rating of any hotel on the beach.

All three properties have an impressive track record with condo hotel owners seeing appreciation of over 200% on their units. (This is fully documented, and the specifics can be sent upon request.)

Avalon is a successful condo hotel built by the same developer as Ora Hotel and Private Residences.

All of the above projects sold out before construction was completed. And many buyers generated sizable profits by buying early and then reselling their units shortly after closing. 

In the case of Ora, the deal might be even sweeter. I’m going to quote exactly what the developer told me:

“We have lined up a banking relationship that has promised to refinance all the investors’ money out of the project, with an estimated $100k of additional return back in their pockets when the project is completed. The anticipated income from this project should be far more than sufficient to pay for all the ownership expenses. It’s also worth mentioning that refinancing does not trigger taxes. So investors get all their money back, an additional return, and they keep holding this appreciable asset that is paying itself down. This is the recipe that many billionaires have used in building their empires. And it’s the exact same thing I’ve done with all of our previous developments.”

Because of my long-standing relationship with the developer, I’ve been given the exclusive opportunity to offer you a stake in Ora Hotel and Private Residences at pre-preconstruction rates. And because of the way the deal is structured, Ora has potential to deliver equal or even better returns than this developer’s previous projects.

Intrigued? Get Answers

The way Ora Hotel and Private Residences property is being sold at this pre-preconstruction stage is not typical. But the upside potential with a proven development team that knows condo hotels and the local geographic area does make it worthy of thoughtful consideration.

Ora Hotel and Private Residences
The developer plans to sell only 20 units in Ora’s pre-preconstruction phase.

If you’re intrigued and want to learn more, the developer is happy to share the details. You’ll just need to sign a non-disclosure agreement (NDA), as the developer isn’t ready to publicize this project. Reply to this email with your full name, and I’ll have the NDA sent right over.

Once you sign the NDA, the developer will send you the full plan. You’ll also have an opportunity to see a presentation via Zoom call and ask all your questions.

There’s certainly no high-pressure sales pitch and no obligation to proceed. You and your financial advisors can use that presentation to determine whether Ora Hotel and Private Residences fits your real estate ownership objectives.

As always, thank you for taking the time to read my Property Alerts. And again, if you might be interested in becoming a founder/owner of Ora Hotel and Private Residences in downtown Tampa, reply to this email with your full name, and I’ll have the non-disclosure agreement sent right over.

Have a nice day.

Kind regards,

Joel Greene
Licensed Real Estate Broker
Condo Hotel Center
1368 NW 165th Ave.
Pembroke Pines, FL 33028
(954) 450-1929
Joel@CondoHotelCenter.com
www.CondoHotelCenter.com

Want to know more about me? Click below:
//www.condohotelcenter.com/joel-greene.html

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