Madeira Beach commissioners unanimously approved plans Wednesday for a six-story, 87-room Marriott Tribute Portfolio hotel in the heart of John’s Pass Village.

The 4-0 vote approved the project’s development agreement, rezoning request, and associated right-of-way vacation. Commissioner David Tagliarini was absent.

The $150 million project, led by local developer Bill Karns in partnership with Caddy’s owner Marcus Winters, will transform a 1.5-acre surface parking lot at the southeastern corner of 129th Avenue East and Pelican Lane into an 87-room boutique hotel with restaurants, retail space, a rooftop pool, a public park, and a parking garage.

The hotel will operate under Marriott’s Tribute Portfolio, a collection of independent boutique hotels, and will function as a condo-hotel, allowing individual buyers place their units into a rental program when not using them.

The hotel will be the fourth Tribute Portfolio hotels in the region, joining The Karol Hotel in Clearwater, The Luce in St. Pete Beach, and The Westshore Grand in Tampa’s Westshore district.

Designed by Tim Clemmons of Place Architecture, the new Madeira Beach hotel draws inspiration from the traditional fishing village character of John’s Pass, incorporating colorful exterior siding, metal roofs, shutters, and architectural details intended to complement the surrounding waterfront storefronts and restaurants.

“The goal has always been the same: to create a high-quality, family-oriented hotel for John’s Pass Village,” Clemmons said during a neighborhood meeting in November. “We hope this is really seen as the center and gathering spot for John’s Pass Village.”