Developer says new Chattanooga hotel is most expensive they’ve built [video, photos]

Vision Hospitality Group chief Mitch Patel points out features The Edwin Hotel will include Wednesday, May 17, 2017, on the site for the hotel in Chattanooga, Tenn. The boutique hotel will have a rooftop pool and bar, a spa, 65 new art pieces by local artists along with valet-only parking with 118 spaces on site. Vision Hospitality Group chief Mitch Patel points out features The Edwin Hotel will include Wednesday, May 17, 2017, on the site for the hotel in Chattanooga, Tenn. The boutique hotel will have a rooftop pool and bar, a spa, 65 new art pieces by local artists along with valet-only parking with 118 spaces on site.

By Mike Pare May 18, 2017 3 min read

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High-end hotelEdwin to come in at about $27 million; room rates at $200 plus

The Tennessee Aquarium, mountains and other downtown attractions can be seen from the top floor of the site for The Edwin Hotel in Chattanooga, Tenn., Wednesday, May 17, 2017. Room rates when the high-end boutique hotel opens in spring of 2018 will be $200 and more per night.

Construction of The Edwin Hotel is in full swing Wednesday, May 17, 2017, by Walnut Street Bridge in Chattanooga, Tenn. The cost of the 90-room boutique hotel was estimated to come in at about $27 million, or $300,000 per unit.

Chris Easterly and Shawn Posey with H and H Brown Construction work at the site for The Edwin Hotel in Chattanooga, Tenn., on Wednesday, May 17, 2017. The boutique hotel will have a rooftop pool and bar, a spa, 65 new art pieces by local artists along with valet-only parking with 118 spaces on site.

The Walnut Street Bridge, Tennessee River and other attractions can be seen from the site of The Edwin Hotel in Chattanooga, Tenn., Wednesday, May 17, 2017. Room rates when the high-end boutique hotel opens in spring of 2018 will be $200 and more per night.

Construction workers walk through a section of The Edwin Hotel in Chattanooga, Tenn., Wednesday, May 17, 2017. The boutique hotel will have a rooftop pool and bar, a spa, 65 new art pieces by local artists along with valet-only parking with 118 spaces on site.

Vision Hospitality Group chief Mitch Patel points out features The Edwin Hotel will include Wednesday, May 17, 2017, at street level of the site for the hotel in Chattanooga, Tenn. The cost of the 90-room boutique hotel was estimated to come in at about $27 million, or $300,000 per unit.

TO LEARN MORE

The hotel is named after Edwin Thacher, who in 1891 led the development of the Walnut Street Bridge across the Tennessee River from downtown to the North Shore. Go to theedwinhotel.com for more.

Chattanooga’s biggest hotel developer said Wednesday that its new boutique property going up near the Walnut Street Bridge is the most expensive hotel it has ever built per room.

Vision Hospitality Group chief executive Mitch Patel estimated the cost of the 90-room Edwin Hotel will come in at about $27 million, or $300,000 per unit.

Room rates when the high-end hotel opens in spring 2018 will be $200 and more per night, he said. During a building update of the five-level hotel, Patel said it will have a rooftop pool and bar, a spa, 65 new art pieces by local artists along with valet-only parking with 118 spaces on site.

“A product like this commands a higher rate,” he said. “It’s positioned in the upscale luxury segment.”