Representatives of Hilton Homeward Suites have applied to the Building Department for a permit to construct a 100 room hotel with a large conference facility on Beach Street adjacent to the Wyndham Hotel, City Manager Jay Ash has announced.
The new hotel will cost about $60 million to build and furnish. Several hundred people will be employed there when it is up and running.
City officials estimated that the Building Permit alone will amount to $200,000.
In addition, City Manager Ash said when the hotel is opened, it will pay approximately $250,000 in new taxes to the city treasury.
Hilton Homeward Suites specializes in extended stay facilities – that is – longer occupancies rather than shorter.
It also caters to the business community.
The function room will accommodate 200 and will include all state of the art video and electronic media necessary to conduct a seminar or symposium.
“The addition of this hotel adjacent to the Wyndham Hotel is right in line with the city’s long term planning for this valuable area. With the Demoulas Family making preparations for a substantial development on their sprawling property just across the street, the city is looking at the area becoming far more attractive and robust. I’m pleased that this hotel project is set to get underway,” Ash told the Chelsea Record.