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Hotel Indigo

A California-based developer is expanding its Rochester plans by buying and renovating the downtown Holiday Inn as well as building two new hotels. The EKN Development Group announced Wednesday that it is buying the 173-room Holiday Inn hotel at 220 S. Broadway. EKN CEO Ebbie Nakhjavani says that his company plans to make “a substantial investment in the property” to renovate it inside and out to upgrade the “monolithic” hotel to a modern, high-end property.

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Collaborators, Project Type, Impacts, Related Projects

 

Collaborators 

Lead Organization: EKN Development Group

Contact: TBD ; Email: TBD ; Phone: TBD

Known/Likely Collaborators: DMC EDA

Potential Collaborators:

Related Projects

Impacts 

Major Impact: 

PlanScape Impacts :

Level 1: Economic Development

Level 2: Hotel & Hospitality, Heart of the City

DMC Impacts:

Heart of the City

Community Health Impacts:

Type of Project

Building  

 

 

Detailed Description

Once the extensive conversion is completed, the brand will change to Hotel Indigo. Nakhjavani hopes to start construction this summer. After an estimated eight to 12 months, the hope is to have the makeover complete by the first quarter of 2019.

“Hotel Indigo is a boutique hotel concept that combines authentic local experiences, modern design and intimate service with the peace of mind and consistency of being a part of the family of one of the world’s largest hotel groups,” according to EKN. “The new Hotel Indigo will provide an iconic and enduring presence on the Rochester skyline at the heart of the City’s downtown.”

EKN and its hotel management firm, RHI Management, will continue to operate the hotel under the Holiday Inn name until the conversion is complete. The current staff will continue to work at the hotel.

The purchase includes only the hotel portion of the 16-story building, floors two through eight. On the street level of the hotel are separately owned business condos occupied by the Rochester Area Chamber of Commerce and the Smith Schafer & Associates accounting firm. Floors nine through 16 are residential condominiums with many individual owners.

The price for the 47-year-old hotel was not released due to a non-disclosure agreement required by the seller, Mike Bhatka.

 

Strategy
Unknown

 

 

 

Metrics
Unknown

 

 

Last modified by allnode on 2023/09/10
Created by allnode on 2018/05/27

 

 

 

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