Tuesday October 11, 2016

New Hotel in Port City to Open First Quarter of 2017

By Lou Sorendo

    Work continues at a new Visions Hotels site on Oswego's east side.




    A new yet-to-be branded hotel is expected to be up and running during the first quarter of 2017, according to L. Michael Treadwell, executive director of Operation Oswego County and CEO of the county Industrial Development Agency.

     

    The new 89-room hotel is being constructed by Oswego Lodging Group, LLC, a subsidiary of Visions Hotels, LLC, based in Corning. The hotel will encompass 52,000 square feet of space on four floors and is located near Rite Aid at 204 state Route 104 East.

     

    Visions Hotels is a hotel management company that operates a chain of hotels in Central and Western New York. It operates 39 hotels in the state.

     

    This is the second major hotel being built in the city of Oswego over the last several years. Recently, a new Holiday Inn Express & Suites opened at 140 E. 13th St. It features the exact number of rooms as the new Hilton Hotel.

     

    The county IDA recently approved a payments-in-lieu-of-tax agreement with the developers. The estimated development cost of the project is approximately $9.9 million.

     

    “There certainly is the anticipation from the developers that there is a sufficient market here to sustain another hotel facility, otherwise they wouldn’t be building this project,” Treadwell said.

     

    Treadwell said he is uncertain as to what brand the hotel is going to be. It initially began as an Extended Stay America facility, he said.

     

    “Whether it ends up being that or not, I’m not sure,” he added. Calls to Visions Hotels for comments were not returned.

     

    “They obviously must recognize that the Greater Oswego area has substantial potential in terms of demand for lodging,” Treadwell said.

     

    Treadwell noted there is a flurry of activity occurring in the area, including the proposed Great Lake Ontario National Marine Sanctuary.

     

    In addition, there is going to be development associated with the $10 million Downtown Revitalization Initiative the city recently was awarded. Treadwell said continued growth at Novelis means more demand for hospitality resources.

     

    The decision to build the hotel in the city came in advance of the acquisition by Exelon Corp. of Entergy’s James A. FitzPatrick nuclear power plant in Scriba.

     

    “That was still in limbo” when the developers applied for PILOT status, Treadwell said.

     

    “That is something which is looking very favorable to be enacted and taking place which would also be very good for the economy in Oswego County and the city Oswego,” he added.

Oswego County Business Magazine
Issue 151

Issue 151
August/September 2017

Cover Story

Profiles

John Halleron

On The Job

'When was the last time you took a vacation?'

Success Stories

High Adventure Sport fishing

My Turn

President Trump and the Media: A Contentious Relationship

Economic Trends

OOC Honors Local Organizations, Businessmen

Last Page

Kathy Ouellette