Company pushing for tax credits to develop new luxury hotel Down - Cincinnati News, FOX19-WXIX TV

Company pushing for tax credits to develop new luxury hotel Downtown

(PHOTO: Kessler Enterprise Inc.) (PHOTO: Kessler Enterprise Inc.)

A hotel company is attempting to obtain tax credits to help begin building a new Downtown luxury hotel.

The Kessler Collection is pursuing 299 East 6th Street, currently the P&G Sycamore Building, as a local historic landmark.

The company wants the designation in order to obtain State and Federal Historic Rehabilitation Tax Credits for the Grand Bohemian Hotel project, according to City Manager Harry Black.

Black says the Kessler Collection will invest a total of $42,200,000 in the 125-room hotel. He believes the project will create 130 new full and part-time jobs.

The basement level would feature a spa and fitness center. The ground flood will have a bar, three-meal restaurant and cafe. Floors three through 10 will have guestrooms and meeting rooms, according to the city manager.

If passed, the construction start date is believed to begin in January of 2016 and is expected to last between 12 and 14 months.

FOX19 NOW will continue to update this story.

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