Construction underway on multimillion-dollar hotel

Work has started on a dual hotel near EP “Tom” Sawyer Park.

Local developer Steve Poe is building a combination Townplace Suites and Fairfield Inn & Suites hotel on 26.7 acres at 10241 Champions Park Drive. The project will cost an estimated $23 million.

The 82,000-square-foot dual-branded hotel will have 157 rooms total and traditional amenities such as an indoor pool, a dining area and a fitness center. It will open sometime next year.

The development will sit near the Springhurst Towne Center, another retail center and two other hotels.

This is only the latest hotel project from Poe, who developed the Aloft Hotel downtown and is working on another dual-branded hotel as well as a Homewood Suites downtown. —Caitlin Bowling

Work on $23M dual-brand hotel set to kick off in the East End

Mar 29, 2017, 11:32am EDT

A four-story, 157-room hotel planned on about 27 acres of vacant land in Louisville’s East End is set to begin construction.

Louisville-based Poe Cos. received building permits from Louisville Metro Government earlier this week to construct a dual-branded hotel that will carry the TownePlace Suites and the Fairfield Inn & Suites flags, as we reported in November.

The site, at 10241 Champion Farms Drive near SpringHurst Towne Center, is owned by Poe Cos. and is behind two other hotels, the Residence Inn Louisville Northeast and a Courtyard Louisville Northeast.

Valentin Staller, a project manager for Poe Cos., said in an e-mail that the hotels should be completed within a year and that the developments costs are about $23 million. The hotel will encompass more than 83,000 square feet and will be almost evenly split between the two brands. Both hotel flags are part of multinational hotel company Marriott International (NYSE: MAR).

TownePlace Suites stands out for having full kitchens in its guest rooms, while Fairfield Inn & Suites is billed as a business-friendly hotel that offers a full business center and flexible work spaces in its guest rooms and lobby.

According to a development plan filed late last year, the TownePlace Suites will have a mix of studio-sized rooms, double-queen rooms and one-bedroom suites. The Fairfield Inn & Suites will have king and double-queen rooms and several suites.

On-site amenities outlined in the documents include a lounge, dining and breakfast area, fitness room, market, laundry facilities, break room and indoor pool.

Poe Cos. is building the dual-branded hotel with Indiana-based REI Real Estate Services. Louisville-based Calhoun Construction Services Inc. is the general contractor.

As I have previously reported, this is just one of many projects on the plate of Poe Cos. The company is developing a 15-story, 300-room dual-branded downtown hotel — the traditional Westin brand and the funky Moxy — at First and Main streets that could open in time for the 2019 Kentucky Derby. That’s an $80 million project.

And Poe Cos. is a partner in a downtown Louisville Homewood Suites at 631 W. Market St. that should open in 2018.

The company, which is led by Steve Poe, also has indicated plans to build a 107-unit apartment complex with more than 123,000 square feet near the intersection of River Road and Frankfort Avenue. The site is an undeveloped parcel owned Louisville Waterfront Development Corp. That project is part of Poe’s Riverpark Place development.

Marty Finley covers economic development, commercial and residential real estate, government and sports business.