Sunday, July 22, 2018
Business

New hotel planned for Bexley in Land O' Lakes

LAND O' LAKES – Pasco's hospitality boom continues along the State Road 54/56 corridor.

The newly opened Bexley by Newland Communities, a 1,200-acre development on the northside of SR 54, just east of the Suncoast Parkway, announced its first commercial tenant will be a 110-room SpringHill Suites by Marriott.

The five-story, 67,500-square-foot hotel will be developed by BBL Hospitality of Albany, N.Y., which owns 14 hotels and a dozen restaurants. The Bexley motel will be BBL's first venture in the Tampa Bay region. Its other Florida property is a Homewood Suites in Port St. Lucie.

"We are excited about our partnership with BBL Hospitality," said Thomas Panaseny, Newland Communities' vice president, general manager for Tampa North. "This company shares our belief in Pasco County's potential, its strong workforce and affordable business costs.''

The hotel is expected to open in summer 2018 at the northwest corner of Bexley Village Drive and CrossPointe Run. Bexley is across SR 54 from the Northpointe Village commercial development, the site of a Residence Inn by Marriott and a 110-room Hilton Garden Inn that is scheduled to open in March 2017.

To the west, an 86-room Holiday Inn Express and Suites in Trinity opened in April. Closer to Interstate 75, two hotels are under construction and three more are planned along the SR 56 corridor in Land O' Lakes, Lutz and Wesley Chapel.

Pasco County has 33 hotels totaling 3,646 rooms. The average annual occupancy rate is 72 percent and the average daily room rate is $95, according to information compiled Visit Pasco, the county's tourism department.

Much of the hotel boom has been attributed to the sports tourism market that is expected to grow substantially next month with the planned opening of the largest ice complex in the Southeast, Florida Hospital Center Ice, in Wesley Chapel. The year-old Tampa Premium Outlets mall and business travel also are contributing to the growth.

BBL Hospitality said in a statement it selected its site based on the development plans of Bexley, the close proximity to the Suncoast Parkway and SR 54, and the anticipated commercial, medical and residential ventures in the area.

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