Phelps Building Converting into a Hotel
Eagle Realty Group will be converting the Phelps building, located at 506 E. Fourth Street, into a Residence Inn by Marriott. The new Residence Inn Cincinnati Downtown will include 134 residential-style bedrooms which will address the needs of business travelers with separated workspace and internet access. Winegardner & Hammons, Inc. of Blue Ash will handle the management of the hotel.
The City of Cincinnati assisted in securing this project development by providing a CRA Tax Abatement. Some work has already started with a grand opening planned for April of 2011.
The Residence Inn Cincinnati Downtown will be the first hotel to open downtown since 1984 when the Hyatt Regency opened its doors.
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