Cleveland City Council last week approved a 10-year, 60 per cent tax abatement for the Residence Inn University Circle/Medical Center at East 101st Street and Chester Avenue. A city analysis of the project estimated it will create 200 construction and 43 permanent, full-time-equivalent jobs.
Alexander DelMonte, president of the DelMonte Hotel Group, which will manage the hotel, said the $38 million, eight-storey property should open in December 2018. The 175 suites will be a mix of studio and one-bedroom units, DelMonte said.
The hotel will be linked to the existing Innova apartment complex by a second phase of 70 apartments.
Finch Group reveals Residence Inn plans for Cleveland
Developer The Finch Group's plans for the Innova complex in Cleveland include a 175-suite Residence Inn extended stay hotel.
“It’s great, I love the setting, I love meeting the people here, it’s been very engaging and I’m really looking forward to meeting some more cool people.
Joseph DiTomaso, co-founder, AllTheRooms - 2019
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