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Developer reveals drawings of The Hotel Covington
COVINGTON, Ky. (Joe Webb) -- The developer who wants to transform Covington's old city hall into a boutique hotel says the financing is within reach and he hopes to open The Hotel Covington in the summer of 2015.
"We are on the precipice of getting everything approved and everything finalized," Guy van Rooyen of the Salyers Group told Local 12 before addressing the monthly meeting of the Covington Business Council. "We stand here today months away from beginning physical work on the hotel."
Van Rooyen showed the group drawings of the project. They show a majestic lobby with 18 foot ceilings, a rooftop deck and 116 guest rooms with 12-foot ceilings and 25% more space than standard hotel rooms.
"We will have up to 8 suites that will be specifically focused toward brides," van Rooyen said.
This will compliment Salyers' The Madison which is across 7th street from the hotel project.
"We do 450 weddings every year here in the Madison and that's growing."
The 6-story building was originally the Coppin Department store. Covington moved into the space in the 1990's and moved out last fall. The renovation will cost about $26.5 million. Van Rooyen says they expect to get final approval of state tax credits in April.
Covington City Manager Larry Klein says they've signed a purchase contract with the Salyers Group and expect to approve some city financing in the next month. Van Rooyen says he hopes to open The Hotel Covington in time for the Major League Baseball All-Star Game next summer.