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Foss hotel groundbreaking?

Post by John Gillie / The News Tribune on April 30, 2007 at 1:46 pm with No Comments »
April 30, 2007 1:46 pm

The preliminary groundbreaking date for a new boutique hotel on Tacoma’s near-downtown Foss Waterway has now slipped from May to mid-June.

There’s been no official announcement, but that’s the best educated guess from Don Meyer, the head of the Thea Foss Waterway Development Authority, which owns the land where the combination hotel and condominium project will be built.

The new hotel, repeatedly delayed while the potential developers redesigned the project to make it pencil out financially, will serve a higher end market than the existing major hotels downtown, the Sheraton and the Marriott Courtyard with its waterfront location.

Tacoma’s other waterfront hotel, the Silver Cloud on Ruston Way, enjoys the highest occupancy rate of any major Tacoma hotel.

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