Omni Hotel to Anchor $261M Development in Louisville
Thursday March 6th, 2014 - 5:30PM G
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LOUISVILLE, KY—Omni Hotels & Resorts will build a 600-room convention hotel here under a $261-million downtown development plan announced today by Mayor Greg Fischer and Governor Steve Beshear.
The hotel will be located on the old Water Company Block at Third and Liberty streets that will be adjacent to 200 apartments constructed by The Cordish Companies. The project will also include an upscale grocery and retail space for other shops.
The development will be among the largest projects under construction in the region and will be a catalyst for the continued revitalization of downtown Louisville, Fischer stated. “This project is a major infusion in our downtown and to the city’s entire economy,” he added. “It will create jobs, both temporary construction positions and permanent jobs, and it will boost our convention and tourism industry as Omni provides a new level of luxury hotel.”
Construction is anticipated to begin in 2015 and the project will open no later than 2017. The project is a joint deal between Omni, Cordish, Metro Government and the State of Kentucky, which is providing support in the form of a rebate of taxes that will be generated by the project.
Omni Louisville Hotel will be the first luxury hotel in the area, and will feature 600 guestrooms and suites, 70,000 sq. ft. of meeting space, a spa, fitness center, two full-service restaurants, rooftop pool-side café, street level retail venue and a lobby lounge. The hotel is expected to achieve LEED Silver certification.
Tags: Omni Hotel • Hospitality • Construction/Renovation •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.