WESLEY CHAPEL — Construction is expected to begin in early 2017 on the first Hyatt-branded hotel in Pasco County. Meanwhile, two other companies recently acquired land along the State Road 56 corridor for their own hotel projects.
All of the planned hotels had been disclosed previously. On Monday, the Hyatt Place Wesley Chapel & Conference Center, a 130-room hotel slated for the Cypress Creek Town Center northwest of the Interstate 75 and State Road 56 interchange in Lutz, announced it would begin construction early next year. The developer is Impact Properties, which also developed the Cypress Ridge Professional Center office complex east of I-75.
Michael Sierra, vice president of landowner Sierra Properties, said in a statement that the hotel is part of the first phase of the commercial and residential development on the north side of SR 56, which also will include 230 luxury apartments and four new restaurants: Ford's Garage, Pollo Tropical, Wendy's and Taco Bell.
The development is directly across the highway from the Tampa Premium Outlets mall, three recently opened restaurants and two more that are nearing completion, and a Costco Wholesale warehouse that also is under construction.
East of Interstate 75, Chicago-based State Rd 56 Hilton LLC paid $1.95 million for 2.6 acres on the south side of SR 56 at Silver Maple Parkway for a planned 125-room Hilton Garden Inn. That deal closed in June, and work on the site began last week. Farther east, an Orlando company paid $407,500 for 3 acres in the Wiregrass Ranch development for a planned 92-room Fairfield Inn & Suites.
An 80-room Holiday Inn Express also is under construction next to the Florida Hospital Center Ice complex northeast of the I-75 and SR 56 interchange, and the proposed Brightwork Crossing residential and commercial development at the corner of SR 54 and Wesley Chapel Boulevard in Land O'Lakes recently received county zoning approval to build up to a 150-room hotel. That is a 50 percent increase in the number of hotel rooms over the original plans for the 32-acre development.
The demand for an expanding hospitality industry is tied, among other things, to the outlet mall, the ice complex and a proposed multipurpose sports facility for amateur athletes in Wiregrass Ranch.