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Convention Center Hotel Project Plans Revealed

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The City Council will be asked to consider a proposal from Kinseth Hospitality Company, Inc. on Monday for the construction of a major new downtown hotel. The City has worked closely with Kinseth to develop a plan to build a five-story Courtyard by Marriott Hotel connected to the Sioux City Convention Center. The new full-service hotel will offer 151 rooms and be financed and constructed by the developer, which has secured the Marriott Courtyard brand and required financing.

The hotel will be developed and operated by Kinseth Hospitality who currently operate a significant portfolio of hotels throughout the Midwest, including Iowa. According to Bruce Kinseth, Vice President of Kinseth Hospitality Companies, the developer is eager to bring the No. 1 upper midscale hotel brand, Courtyard by Marriott, to the Sioux City market. “The Kinseth family is excited to bring this incredible addition to the Sioux City community, as well as further advance the position of the existing Sioux City Convention Center throughout the state of Iowa and the greater Midwest.”

Today's successful convention centers provide improved hotel experiences, better technology and more flexible spaces. The proposed project plan addresses the need for quality hotel rooms and amenities, as well as flexible ballroom and event spaces. Improvements to the Convention Center will include the addition of a new versatile “pre-function” space to connect the existing facility to the new hotel, a new ballroom, additional restrooms and a parking ramp. The project will bring increased activity to the Historic Fourth Street entertainment district. The Convention Center hotel project is estimated to generate $219 million in new spending and $69 million net new earnings in the first 20 years.

The downtown Convention Center hotel is one of three projects proposed as part of the Sioux City Reinvestment District. The Iowa Reinvestment District Program ("IRD") allows designated cities to create zones of up to 25 acres where future hotel/motel and sales tax revenue can be used to assist with new development in that area. The proposed Sioux City Reinvestment District is an opportunity to transform downtown with a new Convention Center hotel, renovation of historic warehouse buildings to market rate residential and commercial use with Virginia Square, and the development of a new Ag Expo Center. Sioux City was awarded “provisional approval” under the IRD in a highly competitive process in February 2016.

Council approval of the Kinseth proposal at Monday’s City Council meeting will begin the required 30-day notice period to sell property in an urban renewal area. It will also set a date for final Council consideration of the sale of property on April 17, 2017.

 

About Kinseth Hospitality Company.

Kinseth Hospitality is a leading hotel management, development and ownership company.  KHC has a proven track record of developing and operating award-winning hotels, restaurant and meeting facilities. Kinseth Hospitality is based in North Liberty, Iowa, and currently operates over 65 hotels and 5 branded restaurants in 12 states.

Visit www.kinseth.com for more information.