When the COVID-19 pandemic shut down meetings, conventions and most travel in 2020, Chattanooga hotels took an unprecedented hit, with revenues plunging by nearly a third.
Rosh Amin says it “may have been crazy” to start building three new hotels in Hamilton County during that time. But as we come out of the pandemic, and the new inns open, the head of the Dynamic Group hotel chain says he is hopeful for the new properties, as well as a couple of others he plans to build this year in Cleveland, Tennessee and Tampa, Florida.
“The pandemic intimidated us, but we didn’t lose confidence,” Amin says while touring the new Towne Places hotel in East Ridge, just off of Interstate 75 at Frawley Road.
Amin’s company has invested nearly $50 million to add new hotels in East Ridge, East Brainerd and Hixson that collectively have 309 hotel rooms. The new hotels are in addition to a half dozen other hotels now being planned or built across metro Chattanooga.
If all of the proposed projects are actually built, more than 1,000 additional hotel rooms could be added to the market in the next year, generated from more than $300 million in new hotel development.