Developers have broken ground on the $8 million Fairfield Inn and Suites in Jasper’s new River Centre Development. Indianapolis-based General Hotels Corp. will operate the hotel, which is scheduled to open in summer 2018.
The 84-room hotel will operate as a Marriott franchise. Construction on the hotel, which is on the site of the former historic Jasper Cabinet Company, is set to begin within the next month or two. The River Centre Development also includes apartments, retail space and a wide variety of restaurants.
The hotel is part of more than $215 million in economic development projects in the city. During an interview last month on Inside INdiana Business Television, Mayor Terry Seitz said the investments are part of a vision focused on keeping and attracting talent.
Projects, either completed or in various stages of development, include:
- Smithville Giga-City Fiber Build – estimated $7 million in private investment
- The Parklands of Jasper – estimated $ 6.5 million from city, state and donated sources
- Jasper Lofts at the former JOFCO property – estimated $15 million investment from private, city and state sources
- River Centre at the old Jasper Cabinet property – estimated $30 million in private investment and city infrastructure work
- Jasper Cultural Center at the old Hoosier Desk property – estimated $17 million in city, library, state and donated sources
- Vine Street Lofts at the former Wood Products property – estimated $14 million in private, city and state sources
- Astra Theater renovation in partnership with Next Act LLC – estimated $ 1.6 million in private gifts and state grants
- Multi-use river trail – estimated $ 2.5 million in city funds and a state grant
- Downtown revitalization work – estimated $ 4.2 million in state and city funding and gifts