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Hotel Indigo

A California-based developer is expanding its Rochester plans by buying and renovating the downtown Holiday Inn as well as building two new hotels. The EKN Development Group announced Wednesday that it is buying the 173-room Holiday Inn hotel at 220 S. Broadway. EKN CEO Ebbie Nakhjavani says that his company plans to make “a substantial investment in the property” to renovate it inside and out to upgrade the “monolithic” hotel to a modern, high-end property.

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Project Impact(s): Economic Development

This project is in Available Phase

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Collaborators, Project Type, Impacts, Related Projects

Collaborators 

Lead Organization: EKN Development Group

Contact: TBD ; Email: TBD ; Phone: TBD

Known/Likely Collaborators: DMC EDA

Potential Collaborators:


Related Projects


Impacts 

Major Impact: 

PlanScape Impacts :

Level 1: Economic Development

Level 2: Hotel & Hospitality, Heart of the City

DMC Impacts:

Heart of the City

Community Health Impacts:


Type of Project

Building  

 

 

Detailed Description

Once the extensive conversion is completed, the brand will change to Hotel Indigo. Nakhjavani hopes to start construction this summer. After an estimated eight to 12 months, the hope is to have the makeover complete by the first quarter of 2019.

“Hotel Indigo is a boutique hotel concept that combines authentic local experiences, modern design and intimate service with the peace of mind and consistency of being a part of the family of one of the world’s largest hotel groups,” according to EKN. “The new Hotel Indigo will provide an iconic and enduring presence on the Rochester skyline at the heart of the City’s downtown.”

EKN and its hotel management firm, RHI Management, will continue to operate the hotel under the Holiday Inn name until the conversion is complete. The current staff will continue to work at the hotel.

The purchase includes only the hotel portion of the 16-story building, floors two through eight. On the street level of the hotel are separately owned business condos occupied by the Rochester Area Chamber of Commerce and the Smith Schafer & Associates accounting firm. Floors nine through 16 are residential condominiums with many individual owners.

The price for the 47-year-old hotel was not released due to a non-disclosure agreement required by the seller, Mike Bhatka.

 


Other Community News and Reports having impacts on:

Economic Development
August 02, 2024: Rochester Vision 2050
The visioning effort calls for soliciting broad community input to help propose desired strategic initiatives based on desired outcomes through 2050.

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July 01, 2024: First Half 2024 Targeted Business Enterprise Utilization Plan Reports

2Q 2024: June 2024May 2024 - Admin Message, TBE Report; April 2024 - Admin Message, TBE Report

1Q 2024: Feb 2024 - Admin Message, TBE Report; Jan 2024: Admin Message, TBE Report

Special callouts: Women in Construction; City of Rochester Equity in Development 

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May 27, 2024: DMC's BioRoch effort to Collaborate with MN MedTech 3.0

DMCC Board Updates:

1. May 2024 Status Memo to DMCC Board  

2. Feb 2024 DMCC Board Meeting: Video Clip of Discussion at Feb 1 2024 DMCC Board - DMC part of MedTech 3.0; Memo to DMCC

3. Nov. 2023 Video Clip of Discussion at DMCC Board Meeting about MN MedTech 3.0 Description and Webinar

References: US DEA Tech Hub Awardees 

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May 24, 2024: 1H 2024 Destination Medical Center
Proceedings

May 2024 DMCC Board Meeting and City, County, DMC Joint Meeting

Feb 2024 DMCC Board Meeting

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April 27, 2024: 2024 Destination Medical Center (DMC) Updates
DMC Updates April 29 Presentation to City Council Study Session 

Transit Village

Business Development

Historic District

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March 27, 2024: Full-Time Career Navigator: Built Environment Wanted

Application Due April 5, 2024: Workforce Development, Inc. is seeking a friendly and professional Career Navigator to join our team.  

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March 20, 2024: NIH Community Engagement Alliance Consultative Resource

We invite community organizations and partners who expressed interest in the Community Partnerships to Advance Science for Society (ComPASS) initiative to participate at no cost in several opportunities hosted by CEACR.

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March 12, 2024: University of Minnesota Rochester at DMC Board November
DMCC Board November 17, 2023 Meeting UMR Update

Presentation Slides

Video Recording

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March 10, 2024: West Transit Village
September DMCC Board Status: NTH to run a developer selection process with Mayo

2024-03-10 Added Video Clip Loop of Sep 2022 DMCC board meeting

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March 04, 2024: City Council: Diversity, Equity, and Inclusion Updates; Housing; International Relations

DEI Presentation Topics: Language Access and Accessibility; Equity in the Built Environment; 2024 Initiatives

Economic Development Incentives for Housing

Mayor Updates: Black History Month, Luther College: Mutable City; International Relations Committee

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February 21, 2024: Mayo Clinic Bold Forward Unbound
Bold Forward Announcements

Video Mayo CEO

Mayo News June 2023

Related News: Community Reactions ; City of Rochester Support of Bold (2/1/2024)

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February 12, 2024: Destination Medical Center (DMC) Investment Metrics Slow Down Trend

Feb 1, 2024 DMCC Board Meeting

Private investment metrics Slide

Video Clip

PB Reporting

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Last modified by allnode on 2023/09/10
Created by allnode on 2018/05/27

 

 

 

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