Feb
24

Spartanburg Approves Deal for New Downtown Hotel

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approved1Spartanburg City Council voted unanimously Monday to approve an incentive package for OTO Development’s plans to build a hotel on the west end of downtown.

The investment of at least $18 million is expected to bring a select hotel of at least 100 rooms to West Main Street on the parcel now occupied by Event Rentals.

Council’s decision was made over the objections of owners of the Spartanburg Marriott, Andy Cajka and Jimmy Gibbs of SMR Hospitality II, who asked council not to favor the OTO project over their plans to construct a hotel directly behind the Marriott hotel. Council has said it would continue to honor its agreement with Cajka and Gibbs from April 2014, in which the city gave 3.3 acres behind the Marriott, (valued at $900,000) to SMR Hospitality II in exchange for $1 and a development of at least $7 million. That agreement didn’t include infrastructure improvements or tax incentives.

Cajka told council that he and Gibbs would welcome another hotel, but that council shouldn’t place a moratorium on incentives for a future hotel.

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