SYRACUSE — Construction will start Thursday on a new seven-story hotel in downtown Syracuse’s Armory Square.
The $30 million, 180-room building will house a combined Marriot Courtyard and Residence Inn. The hotel’s developer, The Inns at Armory Square, LLC, closed financing for the project with M&T Bank on Friday.
The hotel is expected to open in May 2013. The Inns at Armory Square is the first new combined Courtyard — Residence Inn Marriott hotel being built in the northeast, according to the developer.
The project will create about 200 new jobs during construction. The hotel will be located at 300 W. Fayette St., the site of an existing parking lot adjacent to the building that houses engineering firm O’Brien & Gere.
“We are very excited about starting construction of the new Marriott hotel in downtown Syracuse,” Dick Sykes, managing member of the Inns at Armory Square, said in a news release. “We believe the project will continue to build on the success of the Armory Square area as well as be a pivotal project to support the Near West Side Initiative efforts and the Connective Corridor.”
Sykes originally announced the project in 2008, but it was delayed by financing issues.
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