Downtown Tampa’s historic Floridan Palace Hotel has new owners

1754 Properties promises upgrades.

click to enlarge MICHAEL JOHNSON
Michael Johnson

Downtown Tampa’s 212-room Floridan Palace Hotel has been purchased by 1754 Properties LLC, which closed the deal yesterday.

Terms of the deal are not being disclosed by 1754—which has offices in Weston, Florida and Mexico City—but a press release says that the group is looking to hire dozens of new employees to join the existing team and have the restaurant and wedding operations open and running by the end of 2021.

Joseph Smith, founding partner of 1754 Properties said the group has significant new renovations planned. “We take such historical assets seriously and will be good stewards of the hotel’s intriguing past and its wonderful 1920s façade,” Smith said.

The hotel—located at 905 N Florida Ave. in downtown Tampa—opened in 1927 as Hotel Floridan and was eventually closed in 1989. The Sarasota Herald-Tribune said five different owners had it before 2005 when developer Antonios Markopoulos bought it for $6 million. It reopened in 2012 as the Floridan Palace Hotel.

Yesterday's sale includes a 0.75-acre parking lot site at 505 E. Taylor St.

New ownership is not talking to media about the sale.

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About The Author

Ray Roa

Read his 2016 intro letter and disclosures from 2022 and 2021. Ray Roa started freelancing for Creative Loafing Tampa in January 2011 and was hired as music editor in August 2016. He became Editor-In-Chief in August 2019. Past work can be seen at Suburban Apologist, Tampa Bay Times, Consequence of Sound and The...
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