Champaign officials hoping new hotel fuels growth
CHAMPAIGN — Will the Hyatt Place be the start of a trend in downtown Champaign, or will it have the downtown lodging market to itself?
Champaign Planning and Development Director Bruce Knight said the city hasn't had further contact from hotel developers since the Hyatt project began.
"My guess is that they might want to see how the market reacts to both the Hyatt Place and the Marriott Town Suites in Campustown coming on line," Knight said.
Knight said the city originally thought its parking lot at Hill and Neil streets might be a good location for a hotel "since it is right at the entry to downtown and the (Hill and Randolph parking) deck is right across the street."
Another good location, Knight said, might be the northeast corner of Neil and Washington streets, where One Main Development owns the buildings at 502, 508 and 510 N. Neil St.
That site is across Washington Street from what city planners hope will one day be a plaza, he added.
"I personally believe that the market will prove itself to be successful enough that in a couple years, we will be trying to find that next spot, but time will tell," Knight said.