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Fort Myers, FL | Tempo by Hilton

Historic Downtown Hotel

Fort Myers, Florida

This 140-key hospitality investment is to be built on the only developable site on First Street, which is downtown, historic Fort Myers’ main corridor of restaurants, shopping and nightlife.

Project Information

  • Proposed 140-key and approximately 78,000 SF hotel
  • To include approximately 9,000 square feet of:
    • Restaurant space (Ground floor)
    • Bar area
    • Rooftop views
    • Lounge areas

Investment Highlights

  • Prime downtown site location; high visibility and foot traffic area
  • Shovel-ready build
  • Fort Myers has strong demographic trends and varied economic drivers that will fuel above-average growth:
    • Fastest growing city in Florida
    • Younger demographic trend featuring a current median age of 37.5
    • Currently undergoing a downtown redevelopment and revitalization
    • Florida Gulf Coast University (14,000 enrolled)
    • Florida Southwest State University (16,500 enrolled)
  • Dynamic leisure and activity market
  • Favorable TIF and other incentives
  • Strong return profile
  • Southwest Florida International Airport services 10MM annual passengers and is undergoing a $170MM expansion slated for a 2023 completion
  • New Convention Center generating an estimated 22,000+ additional room nights per year