Wednesday, December 16, 2015

Hotels on the Horizon

With the announcement of McMenamins winning the bid a few weeks ago for the Old City Hall building, everyone seems to be making announcements for new and upcoming hotel projects for Tacoma's future. 

Almost eight years ago, Bellevue's Silver Cloud Inn and Hotels announced that they would be developing an 180 room hotel on Point Ruston, and it has just been announced that construction is finally underway. The delay can be attributed to a slow moving recession coupled with disputes over land-use permits with the City of Ruston. Bellevue's Silver Cloud Inn and Hotels is set to open in 2018 and planned to include one restaurant, a ballroom, meeting rooms, a pool, an exercise room, and a parking garage. 

There are two other major proposals on the table for the future of Tacoma's tourist and business industry. A Chinese investment group, who is still gathering investors, is interested in creating a 24-story, 300 room high rise. It is proposed that this would be a convention hotel along with a condominium complex. The second is coming from Hollander Investments and they have their eyes on the Thea Foss Waterway. Hollander and Investments is planning to build a hotel and an office complex. The first of the buildings to go up will be a nine-story Marriott Residence Inn that will provided 104 rooms. Ground breaking dates have not been set yet, Hollander and Investments are waiting to see how the other proposed hotels do before starting construction. 

If everything goes as planned Tacoma can expect to see five new hotels, at least one more condominium complex, and an increase in office spaces and store fronts in the next few years. Tacoma truly is the City of Destiny and is planning on making a large impact on Tacoma's small business and local economy. 

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