Rome, Hampton Inn

Closing Date: January 31, 2017
In January 2017, GCF provided a $250,000 RLF loan to the Downtown Development Authority of the City of Rome for the construction of an infill project at 875 W. First Street in downtown Rome. The Authority provided a simultaneous loan to Shriji Hospitality Rome, LLC, the project's developer. The completed project houses a Hampton Inn & Suites hotel, featuring 90 guest rooms and suites. Citizens First Bank was the project's senior lender. Other project financing was provided by the Georgia Department of Community Affairs.

Project Details

Loan Recipient
Downtown Development Authority of the City of Rome

Sub-Recipient
Shriji Hospitality Rome, LLC

Project Cost
$9,800,000

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any
$250,000

Project Use
Hotel
After
Foundation Project Impacts
265 New Downtown Businesses
1476 New Jobs Downtown
$123.2 Million in Private Investments
8 Cultural Facilities
284 Downtown Housing Units
155 Hotel Units Downtown
1,192,482 Redevelopment Floor Area sf
193,583 New Construction sf