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Economy and Business


Akron donates Greystone Hall to be part of downtown hotel complex
Hotel developer will put millions into renovating Greystone for meeting and banquet rooms
Story by MARK URYCKI AND M.L. SCHULTZE


 
Rendering of the new downtown hotel
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Akron is donating the nearly century-old Greystone Hall to a developer who plans to build a $40 million hotel downtown.

The hotel is to have have 160 rooms and be built next to the Greystone on S. High Street. Developers plan to use the hall for meeting and banquet rooms and office space.

Mayor Don Plusquellic says the developer, Amerimar, plans to invest $8 million to $9 million in renovating the Greystone, and says the project is good for the city.

LISTEN: Plusquellic on new hotel

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“There’s so many activities that are touristy kind-of destination points. Plus all the business community, whether it’s FirstEnergy or the hospitals. A destination hotel of this quality that they’re talking about is I think  vitally important to keep the momentum going and the success that we’ve had in downtown Akron in general.”

The hotel anticipates it needs six months to nail down financing.

It would be operated independently, as are other Amerimar properties in Philadelphia and Washington, D.C. 

Listener Comments:

As usual, the City of Akronn has donated public property to help out millionaire real-estate developers.
This is similar to the expensive homes on W.Bartges street which were built by the working man's tax money. You have a lot of scumbags in Summit County government.
How about that "restoration" of Historic Firestone Park??!!!
The wealthy property owners received new sidewalks,new driveways, and new street lights. These were all paid for by taxpayer money.
Even though most of those people were rich, and could pay for that stuff without taxpayer welfare money, they got it all for free.
In the meantime, down by the University of Akron the sidewalks are so busted-up you cannot ride a bike on them.
Don Pusquellic and company need to be replaced.


Posted by: Joe (Akron) on July 16, 2013 6:07AM
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