Tampa’s market is hotter than ever, and Hotel Ora + Private Residences is not just riding the wave – it’s creating it. This isn’t just another luxury development; it’s a groundbreaking investment opportunity fueled by the city’s explosive growth and a revolutionary partnership with Miami’s crypto-oriented title company, Propy Title. The vision of connecting these two dynamic forces was brought to life by Bozana Cavar, a real estate broker with EXP Realty who is the premier representative for Tampa in Miami-Dade. Cavar is thrilled to have made this introduction and curated an event to open the doors to the crypto market, which is leveraging a stronger presence than ever.
The newest growth factors driving the Tampa market are undeniable. A booming job sector, a flood of new residents, and a vibrant cultural scene are transforming the city into a top-tier destination for both living and investing. The demand is unprecedented, and Hotel ORA is perfectly positioned to capitalize on this momentum.
As the COO and co-founder of ARC Realty Group, Luigi Novembre had no doubts about the project’s success. “We’re located near Tampa’s booming Water Street, offering 31 private residences and 627 hotel units, with unique amenities including a rooftop heliport and a nationally known signature steakhouse. Residents and hotel guests will find a private rooftop infinity-edged pool with live music and VIP access to all amenities.” Novembre also emphasized that the condo hotel units are “best suited for income-oriented buyers.” The market’s excitement is reflected in the sales figures: in just six months since opening its doors, the project is nearly 50% sold out! This staggering success includes a notable trend: 31 of the first 97 units sold were crypto-oriented.
A Glimpse into Your Investment Future: The Ora Condo Hotel + Private Residences
This promising real estate venture is a unique opportunity to invest in a thriving market with a proven track record. A report prepared by Bozana Cavar, Broker Associate of EXP Realty for Arc Realty Group, based on professional market research by HVS Consulting & Valuation, showcases the project’s remarkable financial potential.
Key Financial Highlights
- Exceptional Income Opportunity: Projections forecast a total annual growth on investment over a five-year horizon that could reach an astonishing 67.83%.
- Strong Cash Flow: The projected annual cash-on-cash yield is impressive, starting at 15.28% in 2030 and growing to 31.86% by 2034.
- Significant Appreciation: The terminal value of a standard hotel suite is projected to reach over $3.1 million by 2034, based on a 6% capitalization rate.
- Tax-Efficient Strategy: The real estate opportunity could be an “EXCELLENT TAX-EFFICIENT GROWTH STRATEGY” with the opportunity to use a cost segregation study to reduce/eliminate taxable cash flow and a 1031 Exchange opportunity to defer tax liability at the time of sale.
The financial figures are based on a report from the HVS Consulting & Valuation Division, which utilized an assumption that average room rates would increase by 7.0% annually, consistent with a 10-year historical room rate appreciation in the submarket (ending December 31, 2024). Investment Details
- The standard 2-bedroom unit has a purchase price of $1,072,000.
- The projections assume the buyer will finance 60% of the purchase price, with a 30-year mortgage at a 6.8% annual interest rate.
- The expected closing date is in the first quarter of 2029.
Disclaimer:Financial projections are speculative in nature and are based on subjective decisions and assumptions. Since the illustrative financial projections cover multiple years, the information by its nature becomes less meaningful and reliable with each successive year. There can be no assurance that the results reflected in the illustrative financial projections will be realized, and actual results may vary materially from those reflected in such illustrative financial projections. As a result, the illustrative financial projections should not be relied on as necessarily predictive of actual future events.
Act Now to Secure Your Piece of Tampa’s Future
The phenomenal sales velocity – nearly 50% sold out in just six months – is a clear signal of the market’s enthusiasm for this project. Don’t let this unparalleled opportunity pass you by.
Contact us today to receive the complete financial report and learn how you can become a part of this visionary project, designed for income-oriented buyers looking to capitalize on Tampa’s explosive growth and the future of real estate transactions.
Reach out to Bozana Cavar today for exclusive events tailored for Miami market investors, offering insights into owning prime real estate in both Miami and Tampa. Let’s leverage this unprecedented moment and make investment history together.
Exclusive Listing Agent Contact:
Bozana Cavar EXP Realty 332-605-1056 / bo@bocavar.com
www.ora-hotel.com/bozana-cavar/
