“This community of Beavercreek is still growing,” said Beavercreek Mayor Brian Jarvis. “The developers have seen that it’s a prime place where people want to go.”
Construction will start this year and is expected to be completed by the summer of 2015, according to the hotel owner.
“We’re extremely excited to come to Beavercreek,” said Neha Bhatnagar, a Middletown Management spokeswoman.
The restaurants and retail stores in the area make it an excellent location for the hotel, Bhatnagar said.
“There’s a lot of attractions right there in the backyard of where the property is going to be located,” she said.
The hotel is one of seven in the region that are owned by the hotel management company including the Hilton Garden Inn in Beavercreek.
According to city documents, the company plans to develop a second hotel on the site. Bhatnagar said a final decision on plans for the second site has not been finalized at this time.
“We’re going to see how this one does and go from there.”
Plans for the new hotel come during a time when the city’s lodging tax revenue increases have dwindled to single digits. During the last decade, hotel and motel tax revenues for the city have consistently increased each year, however significant increases have not been seen since 2009 when a 29 percent revenue increase was reported. Last year, lodging tax revenues increased 3 percent to $342,273, according to city data.
Lodging has been relatively flat for the last couple of years, said Kathleen Young, the Greene County Convention & Visitors Bureau executive director.
“A lot of it has to do with the (Wright-Patterson Air Force) base, and them not having as many people coming in and staying,” Yong said. “Sequestration hit us hard last year.”
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