Jacksonville Beach director of planning and development Bill Mann said the project is planned for a vacant, oceanfront block.
Mann added the eight-story hotel will include 211 rooms and internal garage parking. The facility will also feature a ground-level restaurant, commercial space and outside amenities.
Mann said the hotel project would connect with the city's sea side boardwalk to the south along the oceanfront.
The project is in development plan review with the city's Planning and Development Department. Mann said there's not yet a start date for the construction.
The "Margaritaville" restaurant in Jacksonville Beach would be one of 32 restaurants in the Jimmy Buffett franchise. There are several locations in Florida, including ones in Orlando and Hollywood.
If the project pulls through, residents and visitors can enjoy an ambiance where "island music rules" and "waiting lines for anything" are things of the past.