A five-star quality, 39-story condo hotel, Hotel Ora + Private Residences will soon rise in Tampa’s vibrant Channel District. It’s a $675 million development and will be the only condo hotel located in downtown Tampa approved for short-term rentals.

Hotel Ora will have 627 luxury condo hotel suites and 31 large, private residences. Condo hotel owners will be able to use their unit whenever they like and rent it out – either through the onsite rental company or independently – to generate revenue that helps offset their costs of ownership.

For buyers seeking guaranteed rental income, the developer is offering an enticing lease-back program:

• Guaranteed 8% of the purchase price (after expenses, excluding property taxes) for two years.

• Optional buy-back offer: After two years, owners can sell their unit back to the developer at current market value, minus a 6% realtor fee.

These generous incentives help remove risk for buyers who are hesitant to purchase a condo hotel without a proven track record.

Hotel Ora will deliver a resort-style experience with five-star amenities and services:

• 10,000 sq. ft. STK^® Steakhouse
• Ground-floor patisserie and lobby bar
• 10th floor amenity deck with:
  • Infinity-edge pool
  • Hot tubs
  • Sun loungers
  • Private cabanas
  • DJ booth
  • Oversized LED screen for live music
  • Poolside restobar
  • Helipad
• Exclusive spa with full services
• State-of-the-art fitness center with spin studio
• His/her locker rooms with:
  • Infrared saunas
  • Steam rooms
  • Hot-cold plunge pools
• Convention space with:
  • Trade show/event areas
  • Ballroom
  • Business lounge area
• 24-hour concierge
• 24-hour security
• Valet parking
• Children’s daycare

Located in the pedestrian-friendly Channel District, Hotel Ora will be surrounded by upscale restaurants and shops. The site also sits on the edge of Water Street Tampa, a $3 billion urban redevelopment project featuring walkable streets, modern residences, and business hubs along a scenic waterfront. A vacation home in Tampa offers year-round sunshine, stunning beaches, and countless opportunities to enjoy sports, arts, and entertainment.

Construction on Hotel Ora is set to begin in January 2026 with expected completion in December 2029. Buyers can choose from three types of condo hotel suites: studios, one bedrooms, and two bedrooms. Prices range from $646,700 to $983,400 (subject to change without notice.) Participation in the lease-back program requires purchasing a furniture package, which ranges in price from $18,000 to $31,000, depending on unit size. Also available is a limited number of penthouse private residences with prices starting at $1,767,500.