DAYTON, Ohio (WDTN) – Another new hotel is coming to Dayton. City leaders confirm a Holiday Inn Express will be built at the former Econo Lodge location near UD arena.
The hotel is to be built between the McDonald’s and Wendy’s fast food restaurants on Edwin C. Moses Boulevard.
On Tuesday, developers, Ohio Hotels LLC closed on the 3-acre lot for $450,000. The company plans on constructing a 95-room Holiday Inn Express and estimates construction costs to be around $8 million.
It comes on the heels of another hotel announcement. Last week, the developers of the Water Street district in Dayton unveiled plans to build a seven-story Fairfield Inn and Suites downtown.
Dayton city commissioner Christopher Shaw tells 2 NEWS the announcement of yet another hotel to be built in Dayton is a plus.
“We need more hotel space to attract conventions and other occupants to town and increase the spend in our community. There are a lot of developments on Miller Lane and other places around our community, but to have hotel space in the city of Dayton, it’s a net positive for economic development,” said Shaw.
Dayton Development Coalition president, Jeff Hoagland said the news of a 95-room hotel to be built near UD arena and right off I-75 is a sign of things to come.
“When you see the redevelopment of the Greater Downtown area, the urban core and along UD. When people and investors start to see that happening and start to see that success, that’s when you’re going to start to see more development. So I think this is the first of more to come in the near future,” Hoagland said.
Officials say the company hopes to break ground within the next few months.
Once built, the hotel is expected to employ about 30 people.