It’s hard to believe a hotel hasn’t previously been erected in downtown Boca Raton, but the first is about to begin construction.
The Kolter Group, the developers on the project, will have an official groundbreaking ceremony on May 28 for the new property, deemed the Hyatt Place Boca Raton. It will be located at 120 E. Palmetto Park Road.
The hotel will boast 13 stories and 200 rooms, and will include an 8,000 square foot restaurant, as well as 4,000 square feet of space designated for meetings and conferences. The tentative opening is scheduled for July of 2016.
Hyatt Place Boca is among those properties hoping to help the number of hotel rooms in Palm Beach County incline. The number of available hotel space has been steadily falling due to condos going up and hurricane damage.
The CEO of Discover The Palm Beaches, Jorge Pesquera, who is the county’s official tourism marketer, said recently that the amount of investments in Palm Beach County are rising, and potential new projects for hotels in the area are becoming more prevalent.
Since June 2014, Palm Beach County has added 635 new hotel rooms, and another 708 rooms are under construction and are hoped to be completed sometime between October and March of 2017.
AC Hotel West Palm Beach would be somewhere around 180 rooms and is being proposed by the real estate firm Navarro Lowrey with partner Concord Hospitality. The project is still in only the very beginning stages of planning, while Navarro finishes up with other property development business in the county.
Kolter, the developer responsible for the new Boca hotel, has completes other projects in South Florida, including a new property in Palm Beach Gardens.
Kolter Hospitality will be responsible for the operation and management of Hyatt Place Boca Raton, as well as continuing to manage Hyatt Place West Palm Beach, Hyatt Place Delray Beach, and Hyatt Place Fort Lauderdale.
For the past 63 months, Palm Beach County has been seeing a spike in tourism, so the project couldn’t have better timing.
Pesquera says that the spike in tourism and rising investments in Palm Beach County show that investors are interested in the area for a reason, and the county must be heading in the right direction.Boca Raton SEO Company