Developer breaks ground on 153-room hotel in university circle
Posted February 09, 2012 in Articles
Author: Lee Chilcote, Fresh Water Cleveland
Leaders of the institutions that anchor University Circle have long wished for a hotel within walking distance of all of the amenities that the neighborhood has to offer. Now, a public-private partnership, along with $15 million in New Markets Tax Credits and completion of the University Hospitals Seidman Cancer Center, have finally brought that idea to life.
This month, The Snavely Group broke ground on an eight-story, 153-room Courtyard by Marriott that is scheduled to open this time next year. The hotel is located on Cornell Drive -- just off of Euclid Avenue -- and directly across from the new Seidman Cancer Center and the University Hospitals main campus. The $27 million project is expected to create 135 construction jobs and 55 full-time equivalent jobs.