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09-07-2007 Eddy Street hotelier, developer plan downtown hotel
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09-07-2007 Eddy Street hotelier, developer plan downtown hotel
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o�sou TH <br /> F dx <br /> :J b <br /> W eFacE � � <br /> y� a 1, a2 <br /> 1865 <br /> Office of the Mayor <br /> NEWS RELEASE <br /> September 7, 2007 <br /> 11:30 a.m. <br /> Eddy Street hotelier, developer plan downtown hotel <br /> Contact: Mikki Dobski, Director of Communications&Special Projects, 235-5855 or 876- <br /> 1564, or Jeff Gibney, Interim Director of Community and Economic Development, 235-9371 <br /> REI Investments Inc., working with the operator of two planned hotels in the Eddy Street <br /> Commons, will break ground next spring for a$25 million "top-quality select-service" <br /> downtown convention hotel across the street from Century Center. <br /> The city's Redevelopment Commission today approved a letter of intent for developers to <br /> acquire property at the northwest corner of St. Joseph Street and Jefferson Boulevard,just <br /> south of the College Football Hall of Fame. On the site REI plans to build a 10-story, <br /> 175- to 200-room hotel, where the City of South Bend will join in the construction of a <br /> 210-car parking garage. REI representatives said they hoped to have the hotel brand <br /> identified in a few weeks, but are considering a franchise of Hyatt, Marriott, Hilton or <br /> Starwood. <br /> "This is exciting news for downtown, where a hotel adjacent to the Century Center will <br /> heighten the attractiveness of South Bend as a convention destination," said Mayor <br /> Stephen J. Luecke. "This represents a key milestone toward the city's multi-year <br /> downtown strategy. As the site plans for this hotel indicate, this new facility will add <br /> grace to South Bend's skyline and enhance the revitalization that's already under way." <br /> According to a letter of intent from REI and Merrillville-based White Lodging Services <br /> Corp., the developers would acquire the 0.58 acre parcel for $1 before construction <br /> begins as part of the agreement. The facility is expected to be open by fall 2009. <br /> "We are excited about the opportunity to work with the city and the Century Center to <br /> bring a first-class hotel to South Bend's skyline that will energize their efforts to attract <br /> more convention and meeting business to the city's core," said Jeremy Stephenson, <br /> director of development for REI Investments. <br />
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