New hotel coming to Cape Coral after incentive passes

DISTRICT. >> FROM A CAPE CORAL NEWS TEAM, WE’RE LEARNING ABOUT AN INCENTIVE FOR A NEW HOTEL THAT’S PASSED IN THE CITY. IT WILL SIT ALONG NORTHEAST A TERRACE AND EXPECTED TO COST AROUND 29.1 MILLION DOLLARS. THE HOTEL BE 5 STORIES TALL. 112 ROOMS COUNT ON GULF COAS

Cape Coral has approved an incentive for a new Marriott TownePlace Suites hotel on Northeast 8th Terrace.The hotel is expected to cost around $29.1 million. On Wednesday, city leaders approved a $2.7 million incentive deal for Continental 779 Fund, LLC for the construction and development of the hotel.The hotel will total 13,500 square feet, have five stories and 112 rooms. Additionally, the hotel will include a $350,000 generator and backup system to keep it operational during emergencies, like hurricanes.The project will create 21 full-time jobs and two part-time jobs. The incentive was passed during Wednesday’s city council meeting, with only Mayor John Gunter and Councilmember Keith Long voting no. Count on Gulf Coast News to keep you updated when construction begins.DOWNLOAD the free Gulf Coast News app for your latest news and alerts on breaking news, weather, sports, entertainment, and more on your phone or tablet. And check out the Very Local Gulf Coast app to stream news, entertainment and original programming on your TV.

CAPE CORAL, Fla. —

Cape Coral has approved an incentive for a new Marriott TownePlace Suites hotel on Northeast 8th Terrace.

The hotel is expected to cost around $29.1 million. On Wednesday, city leaders approved a $2.7 million incentive deal for Continental 779 Fund, LLC for the construction and development of the hotel.

The hotel will total 13,500 square feet, have five stories and 112 rooms. Additionally, the hotel will include a $350,000 generator and backup system to keep it operational during emergencies, like hurricanes.

The project will create 21 full-time jobs and two part-time jobs.

The incentive was passed during Wednesday’s city council meeting, with only Mayor John Gunter and Councilmember Keith Long voting no.

Count on Gulf Coast News to keep you updated when construction begins.

DOWNLOAD the free Gulf Coast News app for your latest news and alerts on breaking news, weather, sports, entertainment, and more on your phone or tablet. And check out the Very Local Gulf Coast app to stream news, entertainment and original programming on your TV.