ATASCADERO – The City of Atascadero has announced a new Marriott hotel is planned for the north end of the city. To be known as the Marriott Spring Hill Suites, the hotel will cost about $20 million to build and will generate about $400,000 in various taxes annually. The city is hoping the new hotel will open in 2014.
Story provided by the City of Atascadero
Marriott proposes new hotel in Atascadero
(Atascadero CA) Marriot Spring Hill Suites is the brand for the new hotel proposed for the north end of the City of Atascadero, according to Atascadero Mayor Bob Kelley. Kelley said he was notified today by Westar Associates representative Peter J. Koetting.
"Mr. Koetting notified me today that the new hotel will be Marriott Spring Hill Suites," said Kelley. "He said he believes this will be the best hotel in the region and is eager to proceed with the application for a building permit." Westar is scheduled to go before the Atascadero Planning Commission on Tuesday, Oct. 17th.
The hotel, described by Westar as an "upscale, extended stay hotel," will cost about $20-million to construct. Assuming all goes smoothly, the property could be open sometime in 2014. The City of Atascadero anticipates the hotel will generate $400,000 annually from property, sales and transient occupancy tax. According to Atascadero Assistant City Manager Jim Lewis, the Atascadero City Council has approved a five year deferral of $610,000 in development fees. During that time the developer will make payments to the city with interest with the full amount due at the end of the five years.
"All elements of the deferment plan are secured by a Deed of Trust," said Mayor Bob Kelley.
The hotel will be developed near the Home Depot Center on the north end of El Camino Real. The City of Atascadero hopes the project will spur additional development in that area.
