Skip to main content
You have permission to edit this article.
Edit
Hotel

Fairfield Inn planned for former hotel site

  • Updated
  • 0

A four-story hotel will rise on a portion of the land that once housed the Clarion Inn.

Lincoln Hotel Group outlined its plans for a 75-room Fairfield Inn and Suites on site near 23rd Street and Yager Road.

“We’re excited to be here. It’s a great project,” Mike Works, the group’s representative, told members of the Fremont City Council on Tuesday.

“I’m excited personally to be in Fremont,” he added. “I’ve been up here personally several times with the plan, talked to different people in town and it just never worked without TIF, and you’ve never really had a good piece of land that was typical that made sense for a hotel. When this opportunity became available and we talked to Paul Gifford and Dave Mitchell, it just worked out.”

Mitchell is a Fremont attorney that represents the Yager Group, which purchased the former Clarion Inn and is redeveloping the site. Gifford is one of the investors in the group.

Earlier this month, Yager Group had the plat for the site approve, dividing it into two lots – one along 23rd Street and the other immediately north of it. Lincoln Hotel Group has entered into a purchase agreement for the north lot.

Works said the hotel will be a new prototype for a Fairfield Inn. Amenities will include an expanded fitness room, meeting space and an indoor pool. The hotel is expected to create six to eight full-time jobs and other six to 10 part-time jobs.

Construction is scheduled to begin this spring with the hotel opening in the spring of 2016.

Works also said the project will allow the city to address the 23rd Street-Yager Road intersection.

“We want to do some work on Yager Road and straighten that out,” he said. “I think all those things are possible now that this development is going on right there.”

Members of the Lincoln Hotel Group have been developing hotels for about 15 years, Works said.

The availability of tax increment financing is making the project possible. Part of that process was amending the redevelopment plan and approving the cost benefit analysis for the project.

“The redevelopment plan that has been adopted by the city is kind of a generic or general redevelopment plan and as specific projects are identified through the application process, it’s always my recommendation that we go back and amend the redevelopment plan to include the specific reference to the project,” said Thomas C. Huston, the city’s special counsel for the redevelopment plan.

Huston also provided a cost benefit analysis that show the project would shift $76,000 per year from property taxes to help finance the project.

“The cost benefit analysis is one of the safeguards of the community development law for communities to really take a snapshot of project and make sure from a cost prospective and benefit prospective that the benefits outweigh the costs,” he said.

In this case, Huston said, the benefits do outweigh the costs.

0 Comments
0
0
0
0
0

The business news you need

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Related to this story

Most Popular

Get up-to-the-minute news sent straight to your device.

Topics

News Alerts

Breaking News