A 101-room, four-level hotel is slated for the entrance to Camp Jordan in East Ridge and is the newest project spurred by the border region tax incentive.
A Home2 Suites by Hilton is to be raised in the Jordan Crossing development on Camp Jordan Parkway, according to the Chattanooga-based hotel group Vision Hospitality.
Andrew Hibbard, Vision's senior vice president of finance and investments, said work started this week on the extended stay hotel and plans are for a summer 2024 opening.
He said in a phone interview that the location is near a Hampton Inn hotel that Vision earlier put up along with Jordan Crossing developer Wolftever Development.
John Healy of Wolftever, which also is joining Vision in the Home2 Suites, said the newest addition puts Jordan Crossing at more than $100 million in development, including Bass Pro Shops, Topgolf, several restaurants and a Parkridge emergency medical facility that's under construction.
He cited the Border Region Retail Development District state sales tax incentive as a key to Jordan Crossing.
"None of that development would be there without that incentive," Healy said in a phone interview.
The incentive allows East Ridge to recapture the growth in sales tax collections within the zone and then put those funds back into repaying investments in the area.
Mitch Patel, Vision Hospitality's president and chief executive officer, said in a statement that the Home2 Suites by Hilton reinforces the company's strategy of investing in premium brands in growing markets.
"We are very excited to expand our footprint in the thriving East Ridge market," Patel said in a statement. "Vision values its ongoing partnership with Hilton and the opportunity to develop a Home2 Suites alongside our successful Hampton Inn by Hilton East Ridge, which we opened in 2018."
According to Vision, the Home2 Suites will offer suites with a customizable working area, fully equipped kitchen and microfiber hypoallergenic bedsheets. Guests will have access to a resort-style pool with a grilling patio and a fitness facility.
Hibbert said the Home2 Suites will appeal to families taking part in sports activities at Camp Jordan, which is one of the largest recreational centers in Hamilton County. In addition, traveling nurses and others visiting the Chattanooga area are prospects for the new lodging, he said.
"It provides a great opportunity for someone to stay some place convenient to amenities all within walking distance," Hibbert said. "It's complementary to everything going on."
He said he couldn't comment on the project's cost.
Healy said Jordan Crossing has one fairly large tract and one small outparcel remaining.
"We're nearing the finish line," he said.
A Home2 Suites location already has a site near Hamilton Place. Also, a developer has plans to add a Home2 Suites and a Tru by Hilton near the Chattanooga Convention Center in a $33 million, seven-story project, an official said earlier in an interview.
Vision Hospitality Group was officially formed in 1997 by Patel. The company has 42 hotels in nine states and more than 4,500 rooms, according to Vision's website.
Contact Mike Pare at mpare@timesfreepress.com or 423-757-6318.