At the beginning of 2020, there were around five new hotels planned for downtown St. Pete. When COVID-19 hit, financing for new hotel construction dried up. Most of the proposed hotels were either reconfigured into apartments or scrapped altogether. Only two hotels found a way to move forward.
Today, with COVID under control and the world beginning to travel again, hotel financing has opened back up and downtown St. Pete is once again in need of additional hotel rooms.
A new 114-key boutique hotel with a significant food and beverage focus has been proposed for the EDGE District of downtown St. Pete. And once the hotel debuts, it’s expected to be among the most opulent hotels in St. Petersburg.
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