A new hotel is on the verge of being built in downtown Fort Myers as soon as 2026, after city leaders approved a multimillion-dollar rebate for developers.
The Community Redevelopment Agency (CRA) voted unanimously to accept a developer’s request for a $14 million rebate to start building a new hotel called Tempo by Hilton.
The rebate, known as Tax Increment Financing (TIF), is a public financing tool the city gives to private developers to promote economic development that would benefit the community.
“Bring more hotel rooms in — we could do larger conventions,” said Kevin Anderson, CRA commissioner and Fort Myers mayor.The proposed Tempo hotel could be 11 stories with 175 rooms on the corner of First Street and Jackson Street. During the CRA meeting, developers, investors, and their attorney said the project could break ground as early as February 2026.