Developer Shaun Pan said he is waiting to hear back from Hilton about his request for a franchise. The project would cost about $15 million to $20 million.
Dual-brand hotels are growing in popularity because they can offer short-term and extended stay options in one location, which attract multiple types of clientele and can cut costs because of shared amenities, facilities and overhead, industry groups say.
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“It reduces some operating costs,” said Keith Schnippel, president of Schnippel Construction in Botkins, which is helping with the project. “It’s really on the forefront. Hilton is really pushing it …”
Dual-brand hotels also can provide a type of product that appeals to leisure travelers and another that appeals to business travelers.
The Dayton City Commission last week approved rezoning multiple properties near the Medical Center at Elizabeth Place on the west side of the river.
The rezoning move paves the way for a proposal to build a new hotel at the corner of Albany and Hopeland streets, just south of the medical center in the Carillon neighborhood.
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Pan, who co-owns a Hampton Inn & Suites by Hilton in Kentucky and other properties, wants to build a five-story hotel that would have an indoor swimming pool, exercise room, two separate breakfast areas for each brand and an 1,800-square-foot meeting space.
Hampton Inn offers a “great stay at a great value,” the company says. Home2 Suites is a “hip” extended-stay hotel targeted at business and leisure travelers.
Pan says he’s waiting to hear back from Hilton about getting a franchise approval for a two-in-one hotel.
“We submitted our final drawings to Hilton and should get a yes or no answer in about three weeks,” he said.
Pan said if the project is approved, he’d then have to work on getting financing. The goal would be to start construction in six or seven months, he said. The construction could take about 15 months or longer.