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SPOKANE, WA-Locally-based Granite Investments LLC is branching out into the hotel business with plans to develop, own and manage a 123-room Hilton Gardens brand hotel here on a portion of its 300-acre West Plains development. Granite Investments partner Lowell McKee tells GlobeSt.com the company is set to break ground sometime in March, with completion anticipated for July.

Leading the effort will be Granite Investments primary partner Richard Vandervert, whose namesake construction company owns several hotels. The three-story limited-service Hilton Gardens will be modeled upon a new prototype Hilton format. Russ Page Architects of Spokane is designing the 65,454-sf hotel on three acres situated off a planned extension of Flint Road, one-half mile from the Spokane International Airport.

McKee says his LLC is raising approximately $6 million from private investors in first-round money for the West Plains development. Other plans for the campus include office space, and high-tech/biotech facilities.

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