Redevelopment would mean another hotel for downtown Lincoln | Local Business News

A hotel is back in the plans for the Gold’s Building.

Mike Works, who bought the building at 11th and O streets for $5 million last fall, said he’s planning a ”limited-service hotel with first-floor restaurant and retail opportunities.”

The hotel will have approximately 100 rooms and will take up the six-story north part of the building.

Works, who has experience developing other hotels in Lincoln, including the Holiday Inn Express at Ninth and O streets that opened last year, declined to provide any other details about the hotel planned for the Gold’s Building.

A redevelopment plan announced for the building in 2019 had originally included a hotel, but that plan fell through because of the coronavirus pandemic. A subsequent plan to turn the building into apartments also fell apart when developers failed to get approval to use historic tax credits to help pay to add windows on the south side.

Downtown Lincoln Gold’s building to be sold to local investor

The previous owner, Gerard Keating, had said he might demolish the whole building after the redevelopment plans fell through.

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Works’ plan would save the northern half of the building, but he does plan to demolish the southern half.

Representatives of Works who spoke to the city’s Historic Preservation Commission on Thursday said the south part, which had housed a number of state government offices, now is completely vacant and needs too much work to make a redevelopment feasible.

Demolishing the building will provide space for some hotel parking, but Works said he does plan to eventually redevelop the site with a mixed-use building that would include apartments.

Works indicated that a formal redevelopment plan will likely be coming forward in the next few weeks that will focus on the hotel plan, which if all goes as planned could open sometime in late 2023.

A potential sticking point is the StarTran bus transfer station on the 11th Street side of the building.

The representatives who spoke to the Historic Preservation Commission, attorney Andrew Willis and Justin Hernandez of NGC Construction, said the hotel plan might not

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Santa Fe’s small wonder: Inn of the Five Graces | Business

How is it that the Inn of the Five Graces in downtown Santa Fe has remained a favorite of travelers and the travel media for more than 25 years?

Most recently, U.S. News & World Report ranked Inn of the Five Graces the No. 76 best hotel in the United States — out of 6,172 hotels. The next closest Santa Fe hotels are the Rosewood Inn of the Anasazi at No. 340 and the Four Seasons Resort Rancho Encantado Santa Fe at No. 406.

The Inn of the Five Graces is not a traditional hotel structure.

It’s a centuries-old barrio neighborhood of individual homes and buildings on East De Vargas Drive, pieced together by Ira and Sylvia Seret since 1994. They now own the north side of De Vargas from Old Santa Fe Trail to the New Mexico Supreme Court and the south side from Old Santa Fe Trail to the Santa Fe Playhouse.

A walk down the street is a walk through the historic Barrio de Analco. The Inn of the Five Graces is a series of adobe and rock structures, each different, some of which dating to at least the 19th century.

As often happens with historic adobe structures, where the exteriors are nondescript but the interiors can be opulent, the street view of the Inn of the Five Graces gives no clue of the elaborate Silk Road, Middle Eastern and Southwest décor the Seret family has infused into the structures.

“The Inn of the Five Graces has everything you’d expect in a top-ranked hotel, including a central location, stellar customer service and unique amenities,” Zach Watson, senior travel editor at U.S. News & World Report, told The New Mexican. “But, it’s the Inn of the Five Graces’ atmosphere that sets it apart from other luxury properties and makes it such a memorable stay. My favorite aspect of the hotel is the colorful hand-laid tile mosaics in every bathroom. Accommodations also showcase carefully arranged antiques, rugs, textiles and other treasures from across the Eastern Hemisphere, making it easy to forget you’re staying in Santa Fe.”


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Joe Jaeger buys historic Chateau Hotel, but isn’t done selling others amid slow tourism rebound | Business News

Joe Jaeger, owner of the largest hotel group in New Orleans, has purchased the historic Chateau Hotel in the French Quarter, though he says he is planning to shed other properties in response to the lingering devastation the pandemic has wrought on the city’s hospitality sector.

The Chateau, a converted 18th-century mansion on the corner of St. Philip and Chartres streets, already was managed by Jaeger as part of the J Collection of hotels he has built over several decades.

He bought it this month from a company controlled by longtime collaborator Darryl Berger for $11.7 million, according to Orleans Parish Assessor records, a deal that Jaeger says has been in the works since before the pandemic.

Hanging out near a light pole in front of Hotel Chateau in New Orleans.

The Chateau remains closed for renovations, as is the case for all but four of Jaeger’s 17 hotels. Jaeger said he expects to reopen all the hotels he still owns by the middle of next year but sees only a slow return to normal business for the New Orleans tourism industry.

“For the most part, that’s what we’ve been doing: spending a few bucks renovating these hotels and betting on the future. We’ll have most of them opened by mid next year but I don’t think we’ll see a resemblance of 2019 until 2024,” Jaeger said in an interview Tuesday.

“We’ve gone from zero to something, but we still have a long way to go,” he added.

Blakeview: The Jung Hotel_lowres (copy)

 The Jung Hotel, opened in late 1925 and sat fallow after Hurricane Katrina until developer/hotelier Joe Jaeger Jr. reopened it in 2018.

Jaeger’s hotels were hit hard by the initial pandemic-related shutdowns in March 2020, when he furloughed more than 500 workers and suspended operations at almost all of the properties. Only the Jung Hotel on Canal Street has remained open throughout the pandemic.

In August, Jaeger reluctantly sold the 220-room Bourbon Orleans Hotel for just over $80 million to DiamondRock Hospitality Company, a Bethesda, Maryland-based real estate investment trust.

It had

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