School board to weigh tax exemption for downtown hotel project

The Barclay Building at 137 N. Main St. in downtown Dayton has sold to a hotel developer. PROPERTY RECORDS

The Barclay Building at 137 N. Main St. in downtown Dayton has sold to a hotel developer. PROPERTY RECORDS
Local News
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Updated Dec 10, 2019
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The Dayton Board of Education is scheduled to consider a proposed tax abatement for the company developing the Barclay building downtown into a hotel.

The Barclay building, at 137 N. Main St., was the Miller-Valentine Group’s headquarters, but the property was sold last year to First Barclay LLC, which is a joint venture of Columbus-based Lawyers Development Corporation and Rosemont, Illinois-based First Hospitality Group, the Dayton Daily News has reported.

The new owner “intends to remodel and rehabilitate” the 10-story building with about 60,000 square feet, creating about 100 hotel rooms, a lobby/registration area, retail space, a fitness center, meeting rooms and a full-service restaurant and bar, according to new school district documents.

The proposed exemption from school real estate taxes is scheduled for review by board members Tuesday and possible approval next week.

The owner of the property is First Barclay LLC, whose street address corresponds with First Hospitality Group, based in Rosemont, Illinois.

As of April, the company’s property portfolio included more than 40 hotels offering more than 6,700 rooms, representing 14 brands.

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Thomas Gnau is a business reporter who joined the Dayton Daily News in 2007. He has reported for daily newspapers in Ohio since 1991.