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Riverfront Wilmington Adds Westin Hotel
5/18/2012
WILMINGTON, Del.—Riverfront Wilmington announced it will add a premier Westin hotel. The Riverfront Development Corporation (RDC) Board of Directors approved the project earlier today.
The Westin Wilmington will provide 123 permanent jobs and 167 jobs during construction and is projected to generate $3.9 million in state and city tax revenues in its first three years.
“Riverfront Wilmington is an incredible redevelopment success story and we are proud to help bring these important amenities to the site, including a much-needed premier hotel that will attract new convention business to the Chase Center at the Riverfront,” said Peggy Strine, chair of the RDC board, in an announcement.
Construction on the hotel will begin in the upcoming weeks. The Buccini/Pollin Group (BPG) is the developer
The $37 million hotel will be connected to the Chase Center on the Riverfront, which is the area's largest multi-purpose special event facility with 87,000-square-feet of space for meetings and conventions, trade and consumer shows, corporate and social functions and more. The Westin Wilmington will feature 180 rooms, a pool, a restaurant, meeting space, a law center and a fitness center among many other amenities.
Construction of the Westin Wilmington will be privately funded. The RDC board approved the $3 million sale of a .75-acre parcel of land to The Buccini/Pollin Group (BPG) for the hotel and a $3 million loan guarantee to the organization backed by a mortgage on the Chase Center. The City of Wilmington also provided a $1 million loan guarantee for the project. READER COMMENTS
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