It's the first time a hotel has been mentioned for the sprawling 7.3-acre, three-block property.
"That would be the third and final phase of our plan," Daryl M. Carter, president of Maury L. Carter & Associates Inc., tells GlobeSt.com. "There's three acres of surrounding old warehouses (near the Presidential Ballroom) we could tear down and develop a million sf of new product."
Details on the hotel's size, funding, brand and construction timeframe are still being worked out. The hotel plan is the newest of several visions the new owners are mulling for the aging nightclub and retail complex they purchased in May from London-based Enic PLC for $15.85 million or $60.57 per sf.
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