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Hersha joins Florida hotel project

Hersha Development Corp. today announced it has become a joint-venture partner in a $420 million hotel project planned for Tampa, Fla.

Hersha Development is a division of Harrisburg-based The Hersha Group.

Hersha Development Corp. today announced it has become a joint-venture partner in a $420 million hotel project planned for Tampa, Fla.

Hersha Development is a division of Harrisburg-based The Hersha Group. The company has joined Florida-based Orion Communities Inc. and R.L. Pearson & Associates Inc. to develop The Ritz-Carlton Tampa Bay and The Residences at The Ritz-Carlton Tampa Bay. The three companies are equal development partners, with each owning a 33.3 percent interest in the project.

The waterfront project, which is scheduled to open in 2011, will include 268 hotel rooms and 176 luxury residences. It also involves a spa and wellness center, boutique shops, a selection of dining options, cabanas, a boardwalk and a marina.

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