The rehabilitation of a former office building that once housed the Cincinnati Enquirer into a 238-room hotel with 12,000 square-feet of street-level retail space. SREE Hotels, LLC has secured control of the building and plans to have the hotel open by the end of 2014. The project will create 35 permanent full time jobs, 20 permanent part time jobs, and 80 temporary construction jobs.
The total construction cost is approximately $27,320,000. SREE Hotels, LLC received a Community Reinvestment Area Tax Exemption Agreement (LEED CRA) that will aid in the development of the commercial structures by reducing operating expenses and promoting compliance with Leadership in Energy and Environmental Design Certified, Silver, Gold or Platinum standards (as defined by the U.S. Green Building Council)
The building was originally built to house the Cincinnati Enquirer’s offices and printing operations in 1926 and was placed on the National Register of Historic Places in 1985. Following the Enquirer’s move from the building in 1992, the property was used as an office building for various entities until it was vacated for a condominium project that failed to materialize from 2007 to 2010.