MINOOKA – A nationally franchised company is considering building a new hotel in Minooka as early as this summer.
If the project moves forward, the 83-room hotel would be constructed on the north side of Minooka near Bob Blair Road and would employ roughly 25 people, according to information from the Grundy Economic Development Council.
“The village has been in talks for several months now with a group of investors,” Minooka Administrator Dan Duffy said. “The project is still in the preliminary planning stages.”
The village is working on an incentive package for the investor, which likely will include property tax abatements. Because it is in the early stages, the name of the hotel is not being released.
Duffy said the new hotel – complete with a swimming pool, meeting room and board room – would be about a $10 million project.
The entire project could be finalized within the next two months with construction beginning as early as July, Duffy said.
“We’re really hoping to make this a reality,” he said.
The investor and the village looked at a combination of economic factors before drawing up plans for the new facility. Duffy said both parties agreed the hotel would be a good investment for the community.
“The economy and dynamics are in the right place,” Duffy said. “We want to make sure if we bring a hotel into Minooka, it will be successful.”
Duffy said Minooka has worked to attract industrial investors to the area, but wants to expand its commercial presence as well.
“We’ve worked really hard on the industrial side,” he said. “Now we want to bring more commercial amenities.”
Nancy Norton Ammer, CEO of the GEDC, said the hotel could be the first of what could be many more commercial projects in Minooka.
“The village has been working very hard to attract a hotel to the area,” Ammer said. “Not just for the investment that the hotel will bring in, but the ancillary businesses that will follow. A hotel has been a target for Minooka for a very long time.”
Ammer said restaurants are among the secondary businesses typically developed after the construction of a hotel.
The project proposal – which has already gone before the Minooka village board – will go before the remaining taxing bodies for review in the next few months, Ammer said.