News
News Home
Quick Bites Archive
Exploradio Archive
nowplaying
On AirNewsClassical
Loading...
  
School Closings
Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Northeast Ohio is in the midst of a hotel boom
At one point three hotels were under construction in sight of each other in the Belden Village area north of Canton
by WKSU's TIM RUDELL


Reporter
Tim Rudell
 
I-77 Lane expansion
Courtesy of ODOT
Download (WKSU Only)

Drive from the north side of Akron to south of Canton and you’ll see six hotels being built. And at least that many looking bright and new because they just opened. There is a hotel boom along the I-77 corridor…and throughout the region.  WKSU’s Tim Rudell reports.

LISTEN: Hotel building boom

Other options:
Windows Media / MP3 Download (0:52)


David Sangree is president of the investment consulting firm, Hotel & Leisure AdvisorsDavid Sangree“There’s at least 12 properties that we’re tracking in the Akron-Canton market that are under construction or proposed.” 

Half a dozen of those projects involve Corporex Captial, real estate investors from Kentucky. Vice President Nick Heekin says eastern Ohio’s shale boom is part of the reason for the aggressive building. But he says there’s a long-range, progressive development vision, too.

Nick Heekin “Billions of dollars are being invested in the region by not only day to day drilling, but midstream projects. And ultimately we’ll see companies that are benefiting from cheap energy move into the region as well.”

Too much?
With so many new hotels could there be “over-build?”

Both Sangree and Heekin say “possibly" but that a lot of due diligence during planning suggests not.

Related WKSU Stories

New chef at the Renaissance
Friday, October 3, 2014

Mayor's boat tour highlights Cleveland's waterfront development efforts
Thursday, September 18, 2014

Bed tax extension would fund rock hall inductions
Monday, July 21, 2014

Many will profit from Cleveland's GOP convention, but others may not
Thursday, July 17, 2014

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page




Stories with Recent Comments

Pluto: The Browns split from Manziel is long overdue
Get Brock Osweiler from the Denver Broncos! He's fantastic and seems like a great person.

Democratic Senate hopeful P.G. Sittenfeld pushes for local gun control
That makes no sense at all... why not let cities determine driving codes as well? Maybe Cincy want's folks to drive on the left side of the road. What could go ...

Exploradio: Autism in the workplace
I would love to get more information re: Autism on The Town and other such programs in Northeast Ohio. Thanks!!

Human trafficking cases rise in Ohio
It is about time this is presented to proceed with a plan of prevention..to protect our youth.And very necessary to inform communities through school, churches ...

Fermented food company aims to preserve Cleveland's farm-to-table movement
This is terrific! I make my own sauerkraut and consider it vital to good health. Well done, I wish you all success.

Ohio doctors get new guidelines for prescribing certain painkillers
I would gladly smoke pot to get off pain killers but its not legal.It would save the hassle of doctor visits for pill counts,pee tests,blood tests,driving to pi...

Ohio unemployment cuts are nearing a Statehouse vote
What about those that are laid off seasonally? My husband has been employed by the same company for 26 years and has been laid off (for the last 17) mid-Januar...

Ban on microbeads is a big step in fighting plastic pollution
What a bunch of liberal "so open minded their brains fell out" tree huggin yuppies. Professing to be wise they became fools.

Who's on -- and left off -- Ohio's medical marijuana task force?
Biggest joke everm these people are evil they know marijuana is harmless they rigged the polls last nov everypne kmows it

Dayton 'Black Lives Matter' protesters to appear in court today
Police to fast with the trigger finger and not the brain.A lot of police officers out here judge by color first instead of accessing the situation first. If a p...

Copyright © 2019 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University