Fresno Logo
File #: ID 22-413    Version: 1 Name:
Type: Action Item Status: Passed
File created: 3/2/2022 In control: City Council
On agenda: 3/10/2022 Final action: 3/10/2022
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)
Sponsors: Office of Mayor & City Manager
Attachments: 1. Disposition and Development Agreement with Metro Hospitality-December 2017, 2. First Amendment to the Disposition and Development Agreement with Metro Hospitality., 3. Supplement_22-413_Revised FirstAmendment Disposition Development_Metro Hospitality, 4. Supplement_22-413_MetroHospitality_Public Comments

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 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 rooms from 200 to 144.      

 

The Developer is in the final stages of completing the building permit process and closing escrow on construction financing, subject to this action and the vacation of the corner easement at M and Inyo also on the consent calendar for today’s meeting as file item 22-402. 

 

ENVIRONMENTAL FINDINGS

 

This amendment is not a project subject to CEQA. 

 

LOCAL PREFERENCE

 

Local preference is not applicable. 

 

FISCAL IMPACT

 

There is no fiscal impact

 

Attachments:                     

Disposition and Development Agreement with Metro Hospitality-December 2017

First Amendment to the Disposition and Development Agreement with Metro Hospitality.