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In downtown Urbana, a historic transformation is underway, but not without obstacles. Icon Hospitality, the developer behind the much-anticipated renovation of the Hotel Royer, recently made a request to city officials that the hotel may open later than expected. ask? Move the check-in date from leap day February 29, 2024 to December 31, 2024. The move has sparked discussion and consideration in the halls of City Council as they weigh the yet-to-be-determined impacts. Another delay.
Upping the ante: Revised reconstruction agreement
At issue is a proposed amendment to the redevelopment agreement between Icon Hospitality and the city. The deal, originally intended to rebirth the 100-year-old Hotel Royier into a modern marvel, is now under review. The proposed changes include a provision that could reduce the city’s promised redevelopment incentives of up to $5.5 million by $500,000 each quarter after the project exceeds the new deadline. The financial twist adds a layer of urgency to the proceedings and highlights the high stakes involved in bringing a hotel back to life.
The intricate web of renovation woes
Hotel Royer’s renaissance has not been easy. Icon Hospitality faced a daunting set of challenges that went beyond the usual renovation headaches. Tasks such as elevator modernization, kitchen upgrades and renovations to common spaces are still on the list. However, supply chain issues — a lingering specter of the COVID-19 pandemic — are proving particularly vexing. These logistical nightmares, coupled with labor shortages, have impacted timelines, prompting requests for more time.
A glimmer of hope on the horizon
Despite the setbacks, there is a palpable sense of optimism that the end is in sight. Icon Hospitality isn’t just seeking an extension for the sake of delay. They were determined to cross the finish line and open the doors of the Royer Hotel to avoid the financial penalty of missing the deadline. The hotel’s vision is to become part of the Hilton Tapestry Collection, which would mean a renaissance not just for the building, but for Urbana itself. Mayor Diane Marlin echoed that sentiment and said she hopes this extension request will be the last. The hotel’s completion isn’t just about adding a new lodging option to the city; it’s about writing a new chapter in Urbana’s storied history.
When the City Council met to consider the request, the community waited with bated breath. The decisions they make will not only affect the fiscal landscape of reconstruction, but also shape Urbana’s cultural and economic future. The completion of Hotel Royer is a testament to the city’s resilience and determination to thrive, even in the face of unforeseen challenges. With each challenge overcome, Urbana is one step closer to witnessing the rebirth of this landmark, ready to welcome guests with open arms and tell a story of perseverance.
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