Business & Tech

New Seaport tower will house both a Hampton Inn and Homewood Suites

An artist’s rendering of a 14-story tower on Summer Street in the Raymond L. Flynn Marine Industrial Park that will house both a Hampton Inn and a Homewood Suites hotel.
Perkins+Will
An artist’s rendering of a 14-story tower on Summer Street in the Raymond L. Flynn Marine Industrial Park that will house both a Hampton Inn and a Homewood Suites hotel.

Developers Tuesday celebrated the groundbreaking for a 400-room hotel in the Seaport that will bear two names.

Intercontinental Real Estate Corp., Harbinger Development, and Suffolk Construction are launching construction on the $176 million project — a 14-story tower on Summer Street in the Raymond L. Flynn Marine Industrial Park that will house both a Hampton Inn and a Homewood Suites hotel.

The developers aiming to capitalize on a growing business market in the outer Seaport, travelers coming and going from Boston’s Cruiseport, and events at the nearby Boston Convention and Exhibition Center.

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The hotels are scheduled to open in mid-2020.

Tim Logan can be reached at tim.logan@globe.com. Follow him on Twitter at @bytimlogan.