In Downtown Owensboro, ground has been broken on a new Holiday Inn hotel.
The new hotel will be one of the book ends on either side of the convention center with a Hampton Inn on the other side.
Officials say the new hotel will serve as a beacon that will bring people into the community.
The Executive Inn may be gone, but its purpose was reborn on Tuesday. Owensboro Mayor Ron Payne says the groundbreaking of the new Holiday Inn in Downtown Owensboro is like the spirit of the old Executive Inn rising from the ashes.
"It's nice that we were able to inquire that property and rebuild even stronger. We are going to be stronger and better than we were before," Mayor Payne said.
The five-story, 123 room, riverfront hotel will be built next to the new convention center. Officials say the building will play an important role bringing people and conventions to Owensboro.
"The groups that we go after and market to they are in that two to three hundred on peak night so having that additional hotel is important to us," said Dean Dennis with Global Spectrum.
Mayor Payne says Owensboro and downtown is gaining momentum and he expects there will be more announcements in future.
"It's a magnet for economic development. People are looking to relocate their businesses here, expand their businesses here because there is an air of excitement that we haven't seen in a long time," Mayor Payne said.
Lingate Hospitality says this project will bring about 50 jobs, not including construction, to the area.
Officials say the new hotel will have ten suites, a fitness center, indoor pool, restaurant, and lounge.
We're told construction on the new hotel should last until the fall of next year.
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