The rough and tumble economy has an unexpected upside.
Reduced construction costs due to a flustered business environment will allow a new Chattanooga hotel to pursue LEED silver certification, according to Mitch Patel, president and CEO of Vision Hospitality Group.
“This is a very good time to build a hotel, with construction costs where they are right now,” Mr. Patel said. “I don’t know if we would have pursued the LEED silver certification, or if we would be able to if construction costs weren’t lower.”
LEED certification is a recognition of a project’s environmental efforts.
Chattanooga-based Vision Hospitality Group announced recently that it obtained financing and is beginning construction on a new 134-room Hampton Inn & Suites located at the corner of Fourth and Chestnut streets at the former site of the Regional History Museum.