“We need them in that area,” he said. “Most of the hotels now are down in the Union Centre area and this I’m sure is going to help with the medical buildings that are around there and other activities around there.”
The project is estimated to cost between $30 million and $34 million, according to Mark Davis, CEO of HiFive Development Services.
Nearly seven acres on the south side of the property will remain for future mixed-use development, Davis said.
Site work on the five-story Holiday Inn Express, which will be closer to Interstate 75 on 2.2 acres, is expected to start in October and be completed a year later. Work on the four-story Hyatt House site is expected to start sometime in 2017 and finish in 2018, Davis said.