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The original item was published from 7/12/2023 3:28:31 PM to 7/12/2023 3:30:09 PM.

News Flash

Government

Posted on: July 12, 2023

[ARCHIVED] $10 Million hotel project at former National Guard Armory gains Council's support

Council recap

Below is a summary of the Martinsville City Council meeting held on Tuesday, July 11, 2023. To watch a video of the entire meeting click here. 

$10 million hotel project at former National Guard Armory gains Council's support

The Martinsville City Council and the Martinsville Land Bank Authority passed a resolution on Tuesday to support plans for an 80-unit Holiday Inn Express to be built at the former National Guard Armory.

The property, located at 315 W. Commonwealth Boulevard, was deeded to the City last October after being declared surplus by the state. Since then, several inquiries have been made regarding its potential use. In April of this year, a request for proposals was issued to seek development options.

City staff recommended that the Council proceed with a proposal from Kayak Hotels, LLC, for the development of the western half of the approximately 3.5-acre property.

Kayak Group CEO Kalpak Shah presented plans for the hotel project, estimating a $10 million to $12 million investment from the company. Once completed, the hotel is projected to generate over $220,000 in annual tax revenue, based on a 65% occupancy rate. More detailed information on the project is available here.

The Council convened as the Martinsville Land Bank Authority, passing a resolution in support of the project, before reconvening as the City Council to pass a similar resolution. This action will allow the developer to proceed with the due diligence aspect of the project.

Appointments

Council made the following appointments to boards and commissions:

  • Rives Coleman, Blue Ridge Regional Library Governing Board
  • Jewell Drewery, Patrick & Henry Community College Board
  • Brenda Ephriam, Piedmont Regional Community Service Board

Updates from Patrick & Henry Community College and the MHC Chamber

  • Patrick & Henry Community College President Dr. Greg Hodges presented an update on operations to Council. Dr. Hodges highlighted the college's job certification programs and their focus to expand the workforce pipeline to attract industry to the area. (This presentation starts at the 10:00 mark of the meeting's live stream.) 
  • M-HC Chamber of Commerce President Brenell Thomas presented an update on activities related to the City/C-PEG Small Business Development contract, West Piedmont Business Development Center (incubator), the Farmer’s Market, and other items. (This presentation starts at the 41:30 mark of the meeting's live stream.)

Other items of business

  • Council set a public hearing for the sale property located at 605 4th Street, formerly known as the Martinsville Housing Office, to Piedmont Community Services for July 25, 2023.
  • Council approved the increase on lodging and cigarette taxes on second reading. 

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