News List

Print
Press Enter to show all options, press Tab go to next option

Kinseth Hospitality to Bring Business Class Hotel to Marion’s Central Corridor

Post Date:10/05/2017 3:08 PM

TownPlace Suites Hotel Rendering - Oct 2017Kinseth Hospitality recently announced plans to construct an 88-room TownPlace Suites by Marriott in the heart of Marion’s Central Corridor. The $12.4 million hotel is designed to appeal to extended stay travelers with features that include an on-site fitness center, swimming pool, business center and suites with full kitchens. The four-story hotel project is anticipated to create 30 new hospitality jobs. North Liberty based Kinseth Hospitality operates more than 70 hotel properties in 10 states across the Midwest.

The hotel site (2823 7th Avenue) is the former home of Prince Agri Products, located west of 31st Street in Marion. Having served an industrial purpose for many decades, the location is now a hub for planned business, retail and commercial development. The project is one of the first signature redevelopments within Marion’s Central Corridor. The City of Marion has completed several phases of infrastructure improvements over the past five years, setting the stage for this modern and cutting edge hotel development.

In 2015, developer GLD Properties LLC secured $1 million in brownfield/grayfield tax credits to support the cleanup and redevelopment of the site that was once home to industry and several abandoned railroad lines. The new hotel will be owned by Marion Hotel Associates Inc., a partnership between GLD investors Dave Drown, Adam Gibbs, and Jim Lamb as well as the Kinseth Hospitality team and a group of local business investors.

Construction is now underway with completion anticipated in Fall 2018. Community leaders will join the Marion Chamber of Commerce for an official groundbreaking on Oct. 25 at 11 a.m.

Find the full release at www.medcoiowa.org.
Return to full list >>