X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TACOMA-WA-City staffers are in the process of negotiating with Hollander investments to develop a 175-room hotel on the Greater Tacoma Convention Center site.

Last spring, the City selected M.A. Mortenson Co. to attract private developments such as hotel, retail and housing in and around the convention center site. Mortenson and Hollander Investments are seeking the council’s approval to move forward with development plans.

Last week, the city signed a non-binding letter of Intent with Hollander outlining roles and responsibilities of both parties. The hotel would be located along Pacific Avenue and Commerce streets, between South 15th and South 17th streets. The new hotel could open as early as 2003.

City staffers are expected to submit development agreements to the council for a formal and final decision by Dec. 4.

“Hollander Investments has a reputation for building quality facilities and providing stellar customer service,” says Tacoma City Manager Ray Corpuz, Jr. “This hotel can serve the needs of business travelers, tourists and convention-goers alike.”

Bellingham-based Hollander Investments owns and operates three hotels in Washington and one in California. Two of the Washington facilities are located in Puyallup.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.