The project is being developed on a 1.96-acre parcel at the corner of Revere and Hill streets. Suites Development, LLC, made up of local investors, recently paid just under $750,000 for the property. The neighboring property is being marketed for sale.
The site plan for the hotel was to be submitted to the city Friday. The building is expected to cost about $4.5 million to develop. The project architect is Robert Hyde of Bend.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
