Tampa has become a hotspot for new, luxury developments. Ora Hotel and Private Residences is one of those properties. When built, it will be a $540 million, upscale condo hotel.

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

• 10,000 sq. ft. signature restaurant, STK Steakhouse
• 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

Owners at the condo hotel will be able to use their unit when they want and place it into the rental program to earn revenue when they’re not there.

Ora Hotel and Private Residences will have a prime location in downtown Tampa near the Water Street district, which is currently being expanded. That area has seen tremendous growth in recent years with a full complement of new restaurants, shops and bars.

Ora’s developer is currently offering Condo Hotel Center clients an exclusive opportunity to get in as a “founder” of this development and potentially realize significant profits when they sell. Ora Hotel and Private Residences is expected to be built and operational by early 2029, so this is a pre-preconstruction opportunity.

People who buy into Ora at this early stage will get their unit at the developer’s cost. The minimum investment is $500,000. The estimated retail cost of a typical two-bedroom unit, approximately 900 sq. ft. unit, fully furnished, will be $600,000. That same unit is expected to be priced at $980,000 once built, giving the owner a substantial profit upon selling. The developer is offering only 20 units in this pre-preconstruction phase. These early-founder buyers will have first pick of the units, allowing them to select those with the best views.

Condo Hotel Center has worked in the past with the developer of Ora Hotel and Residences to sell three prior condo-hotel/condo properties in the Tampa Bay area. All three have a remarkable track record with owners seeing appreciation of over 200% on their units. (This is fully documented, and the specifics can be sent upon request.) All three projects sold out before construction was completed. And many buyers generated sizeable profits by buying early and then reselling their units shortly after closing. 

Ora Hotel and Residences has potential to be equally successful. Here’s what the developer said: “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 complete. The anticipated income from this project should be sufficient to pay all ownership expenses.”

The developer added, “Refinancing does not trigger taxes. So investors get their money back, an additional return, and keep holding this appreciable asset that is paying itself down.”

If you’re intrigued and want to learn more about Ora Hotel and Residences, the developer can provide much more information about this pre-preconstruction opportunity. You’ll just need to sign a non-disclosure agreement (NDA), as the developer isn’t ready to publicize the details of this project. 

Send an email to Joel Greene with your first and last name to Joel@CondoHotelCenter.com, and Joel will have the NDA sent right over. Once you digitally sign the NDA, the developer will offer you an appointment to see an online 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 and risk tolerance.

Members of the general public don’t often have an opportunity to invest in a real estate property at developer’s cost. This is a unique opportunity and available only to Condo Hotel Center clients at this time.

Again, to get the NDA, view an online presentation, and have all your questions answered, just provide your full name to Joel Greene at Joel@CondoHotelCenter.com or call (954) 450-1929.