“Water Street is seeing tremendous growth along the downtown Dayton riverfront,” the developers said in an announcement. “The hotel, which will be located on the northeast corner of Monument Avenue and Patterson Boulevard, is the next piece in the overall Water Street District master plan.”
The seven-story hotel will complement the 50,000-square-foot office and retail building, the 215-apartment units currently under construction and the renovation of the historic Delphi building into 134-loft apartment units with first floor retail, the companies said.
Dublin, Ohio-based Crawford Hoying Development Partners and Dayton-based Woodard Development are working with international hotelier Shaner Hotel Group in the project, the said.
“We don’t have an accurate elevation at this point,” Jason Woodard of Woodard Development said Thursday. “The hotel will be seven stories.”
Based in State College, Pa., Shaner Hotel owns and operations 40 properties and 5,000 rooms in 17 states and 2 countries.
“The award of the franchise is the culmination of months of due diligence and efforts by the developer, operator and Marriott to bring a new hotel to downtown Dayton,” the companies said. “It will be the first hotel developed in the area in the past 20 years.”
The project needs to obtain zoning and building permits as well as development agreements with the city of Dayton and Dayton Public Schools, a process expected to take a few months.
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