REPORT TO THE CITY COUNCIL
FROM: GEORGEANNE A. WHITE, City Manager
Office of the Mayor & City Manager
BY: GREGORY A. BARFIELD, Assistant City Manager
Office of the Mayor & City Manager
SUBJECT
Title
Approve a First Amendment to the Disposition and Development Agreement between Metro Hospitality Services, Inc., and City of Fresno to update the project's construction schedule for the Downtown Fresno Marriott Courtyard Hotel located at the northeast corner of Inyo and M Street (District 3)
Body
RECOMMENDATION
Staff recommends the Council approve the First Amendment to the Disposition and Development Agreement (DDA) between Metro Hospitality Services, Inc. (Developer) and City of Fresno (City) to update the construction schedule of the Downtown Fresno Marriott Courtyard Hotel located at Inyo and M Street.
EXECUTIVE SUMMARY
The proposed hotel has been a consideration for over 25 years to provide additional hotel rooms for conventions, events, and visitors to the city and downtown on land formally owned by the City. This land was intended for a downtown hotel next to the Exhibit Hall and across from the Fresno Sports and Entertainment facilities that include Saroyan Theater, Valdez Hall, and Selland Arena.
Developer entered into a DDA with the City on December 18, 2017, for the development of a downtown Fresno hotel flagged as a Hilton or Marriot to be built at this location. The First Amendment extends the time for Developer to commence and complete construction of the hotel and requires completion by December 2024 and reduces the number of hotel rooms from 200 to 144.
BACKGROUND
The proposed hotel has been a consideration for over 25 years to provide additional hotel rooms for conventions, events, and visitors to the city and downtown on land formally owned by the City of Fresno. This land was intended for a downtown hotel next to the Exhibit Hall and across from the Fresno Sports and Entertainment facilities that include the Saroyan Thea...
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