By Scott Halasz
XENIA — The City of Xenia Thursday and Tashi Hospitality, Inc., broke ground on a new $6 million Hampton Inn and Suites.
Expected to be completed November 2017, the four-story hotel will be located on South Progress Drive between West Main and Second streets and have 88 rooms, an indoor pool, fitness center and business center meeting space.
It will be the first new hotel to open in Xenia in many years.
“This is outstanding news for this community,” said Development Director Steve Brodsky. “We are so excited to have a new Hampton Inn coming into the city of Xenia … providing some much needed rooms for our businesses and for our many tourist attractions.”
Tashi Hospitality, owned by N.B. Patel, purchased the 3.67 acre plot earlier this year and spent around a year working with city officials on incentives. In may, council passed a resolution granting a Community Reinvestment Area property tax abatement to Tashi. As part of the agreement, Tashi agreed to create eight full-time and 12 part-time jobs with an expected payroll of $300,000 annually.
The city will provide the developer a 90 percent tax abatement for the first six years and then a 70 percent abatement in the next two years, according to information provided by the city.
“The partnership between Tashi Hospitality and the City of Xenia is yet another signal of the increased interest and desire of quality service-oriented businesses to move to our city and to serve an ever-growing marketplace, while filling a much-needed void in the hospitality market overall,” said City Manager Brent Merriman. “The addition of the Hampton Inn and Suites will greatly complement the accommodation needs of business and tourist consumers looking to stay and visit within our safe, economical and business friendly municipality.”
Patel has opened hotels representing Intercontinental Hotel Group, Marriott, Hilton and Choice hotels. He owns more than 20.
“We picked this size of a town, Xenia doesn’t have any good modern facility as of now,” Patel said.
With Athletes in Action developing a new fieldhouse and the Dayton Hamvention moving to the Greene County Fairgrounds, a new hotel will be key, according to Brodsky. The Hampton won’t be ready for this spring’s hamvention, but it will be ready for others.
“For future hamventions we think it will be huge,” he said.
Contact Scott Halasz at 937-502-4507.