Located in the former Phelps Apartments in the Lytle Park historic district, 134rooms on hotel.it is a more than $10 million undertaking by downtown-based Group by Eagle Realty . the Western & Southern Financial Group.It is perfect at the time to open a new hotel," says Mike Conway, senior vice president of marketing at Blue Ash-based Winegardner and Hammons, Inc., operator of The Residence Inn.Planners will officially unveil the renovated property with a ribbon cutting planned for March 31, to coincide with the Reds' Opening Day.
The Residence Inn's extended-stay concept will fill a void in the city's hotel offerings - catering to the out of town employees and guests of downtown-headquartered firms and Fortune 500 companies. the concept for plans have to bee brewing for nearly a decade, as Eagle and Conway's firm monitored the local hotel market . it's the right time to move, he said that,"We have so much happening downtown right now, and the comments from our customers give us increased confidence, because they're seeing business activity improving," Conway said. "I don't know if we could have timed this any better."The Residence Inn has exceeded to $500,000 in sales, Conway said. original sales goal for bookings by more then 40 percent.Since it began taking reservations online in October, All are told, the new hotel includes 10 two-bedroom suites, 22 studio suites, and 96 one bedroom suites all with full kitchens. Rooms range from 550 square feet to more than 1,000 square. On average, rooms are 40 percent larger than a typical Residence Inn, Conway said.On average, room rates are $165 a night.Guest amenities include an on-site fitness center, complimentary breakfast, full service bar and Internet access throughout the hotel.Mario San Marco, president of Eagle Realty says the property will help improve city's hotel stock and add to the choices for out-of-town guests."We know we've needed to raise the bar on the quality of our hotels, because we've lost opportunities at the convention center, because some of the other hotels haven't kept pace with improvements," he said.The last hotel to open downtown was the Hyatt Regency in 1984.If all goes as planned, The Residence Inn will be one of five hotels that could open downtown over the next five to 10 years and plans unfold for The Banks riverfront development, the incoming Horseshoe Casino at Broadway Commons and other
elsewhere.Projects on the radar include:room-A 157 boutique hotel on Walnut Street by Louisville-based 21c Museum Hotels. The hotel is slated to open in 2012.Financing for the plan is still under way. 200-room Holiday Inn Hotel & Suites at Seventh and Broadway, by Fort Mitchell-based Rolling Hills Hospitality more than 150-room hotel at The Banks. Planners are still working to lure a developer and operator.A hotel possible at The Horseshoe, where casino operators have the ability to build a new hotel once local occupancy levels reach 75 percent, or within five years of the casino opening - whichever arrives first. we've been sitting back to not like on easy street these last years," he said that,"From property to property, its' been very competitive for quite some time and each property has done what they can to try to differentiate themselves so they will hopefully win over visitors."
The Residence Inn's extended-stay concept will fill a void in the city's hotel offerings - catering to the out of town employees and guests of downtown-headquartered firms and Fortune 500 companies. the concept for plans have to bee brewing for nearly a decade, as Eagle and Conway's firm monitored the local hotel market . it's the right time to move, he said that,"We have so much happening downtown right now, and the comments from our customers give us increased confidence, because they're seeing business activity improving," Conway said. "I don't know if we could have timed this any better."The Residence Inn has exceeded to $500,000 in sales, Conway said. original sales goal for bookings by more then 40 percent.Since it began taking reservations online in October, All are told, the new hotel includes 10 two-bedroom suites, 22 studio suites, and 96 one bedroom suites all with full kitchens. Rooms range from 550 square feet to more than 1,000 square. On average, rooms are 40 percent larger than a typical Residence Inn, Conway said.On average, room rates are $165 a night.Guest amenities include an on-site fitness center, complimentary breakfast, full service bar and Internet access throughout the hotel.Mario San Marco, president of Eagle Realty says the property will help improve city's hotel stock and add to the choices for out-of-town guests."We know we've needed to raise the bar on the quality of our hotels, because we've lost opportunities at the convention center, because some of the other hotels haven't kept pace with improvements," he said.The last hotel to open downtown was the Hyatt Regency in 1984.If all goes as planned, The Residence Inn will be one of five hotels that could open downtown over the next five to 10 years and plans unfold for The Banks riverfront development, the incoming Horseshoe Casino at Broadway Commons and other
