Jackson increases occupancy tax rate
With a short but proven track record of funding capital projects, Jackson County will increase its occupancy tax rate to allow for more funding for its Tourism Development Authority.
Murphy gaming expansion set to open in spring
The Harrah’s Cherokee Valley River Casino and Hotel in Murphy is abuzz these days as 200 on-site construction workers hustle to finish a $275 million expansion project expected to open in 2024.
This must be the place: ‘Make another dime just to lose it in time, what's the meaning’
Exiting the elevator of the Cambria Hotel in downtown Asheville on Monday morning, I noticed the “Sunset Time” scribbled on the lobby sign said 8:29 p.m. Four minutes shorter than what I first saw when checking into the Cambria last Thursday evening.
Tribal Council approves $15 million more for golf course hotel project
The Cherokee Tribal Council voted 9-3 Aug. 4 to increase the $23.5 million budget for a new hotel on the Sequoyah National Golf Course to $39 million— despite a request from Secretary of Treasury Cory Blankenship that they table the vote for next month.
Cherokee joins three-tribe hotel partnership
The Eastern Band of Cherokee Indians will partner with two other Native American tribes and a developer to build a 200-room hotel in Pigeon Forge, expected to open in summer 2023.
No mystery behind hotel incentives
As first reported in The Smoky Mountain News more than four months ago, Waynesville’s getting a new hotel, and that new hotel is getting lots of tax breaks. The reasons why are no mystery either, according to Haywood County Program Administrator David Francis.
Major development looking toward Maggie Valley
A major hotel could be coming to Maggie Valley sooner rather than later after the town recently passed a pair of amendments to its design guidelines to allow for taller buildings.
Tribal Council calls chief’s hotel contract into question
Opponents of Principal Chief Patrick Lambert are crying foul over a $5.6 million contract between the Tribal Casino Gaming Enterprise and the Cherokee Grand Hotel — which Lambert and his wife own — saying that its existence violates tribal ethics laws.
Lake Junaluska pins hopes on total Terrace overhaul to win next generation of visitors
Jack Ewing stepped over a pail of drywall mud, dodged electrical wires dangling from the ceiling and picked his way across construction debris littering the bare concrete floor of the gutted Terrace Hotel room.
Dusting the mothballs off Sylva’s ‘ghostel’
The shell of a vacant four-story hotel sitting partially finished on Sylva’s main drag for three years is finally going somewhere.
Developers from Greensboro bought the vacant hotel along N.C. 107 for $850,000 and are promising to pump an additional $2 million into completing the project.
The hotel was partially constructed beginning in 2008 and has widely been considered an eyesore. It was supposed to become a Clarion Inn, but the original developers TJ Investments, the father and son team Thomas and John Dowden of Cashiers, went into bankruptcy. Alpharetta Community Bank of Georgia, which foreclosed after the men failed to payoff a $5-million loan, owned the hotel. The newly formed Sylva Hotel Group recently bought the property for $850,000.
Developer Stephen Austin said he and his two partners in the project have settled on a national hotel chain to brand the 78-room hotel, which includes a convention room and space for a restaurant, but added that they aren’t ready to disclose which one.
He said the bargain-basement purchase price made the deal a good venture.
“Sylva is not an extremely deep hotel market,” he said. “We’re going to do our very best to have a hotel that is worthy of our business.”
Austin said that the men’s pre-purchase market studies indicated that Sylva hotel occupancy rates run at about 50 percent, lower than the national average of more than 60 percent. Even after figuring that higher vacancy rate into the business plan, Austin said the getting-in price made it a sound investment.
“If you are going to build a new hotel, it helps to get in at a good price,” he said. “We’ll have a total of about $3 million in the project. We’re also excited to be able to take a piece of property and produce something of value, create an asset for the community.”
Austin said he and his partners are hoping to start construction soon and open the new hotel this year.
Town Commissioner Harold Hensley, who lives near the hotel, said he is excited that it sold and is going to be finished and used.
Five years ago, the town OK’d an exemption to its building height restrictions, allowing the proposed Clarion Inn to have four stories instead of three. The developers at the time claimed they needed a 75-foot maximum height instead of just 45 feet as mandated by town regulations.
Hensley said he believed the purchase was indicative that the local economy is starting to shake off the recessionary blues.
“I don’t know much about the details, but to me, it’s excellent news that this can move forward and progress,” Hensley said.
Paige Roberson, assistant to the town manager and director of the town’s Main Street program, echoed Hensley’s optimism. She said that at least two other vacant stores in town have seen movement recently. Cope’s Superette, a downtown newsstand that closed in December, is being reopened as an antique store; the crematorium of Moody’s Funeral Home is being repurposed as a doctor’s office.