From the notebook of business editor Tim Rausch

Hilton opens new hotel in Augusta

Home2 Suites by Hilton, located in Augusta Exchange near the Savannah River Banking Co. building, is finished and open.

 

The four-story, 123-suite hotel is the second one of that brand in Georgia. Its focus is on business travelers and extended-stay guests, which is why it has a laundry and fitness area in addition to the standard hotel amenities.

 

Hilton says there are 70 Home2 Suites being developed across the country.

 

TWEETS FROM @SCUTTLEBIZ FOR THE WEEK:

 

  • Knology signs have started coming down and being replaced by the WOW! Internet, Cable & Phone logo. 
  • Shut down in 2010, Savannah Lakes Resort, an 80 room, lakefront resort and conference center in McCormick, re-opened on Sunday. 
  • Twinkies will be back on the shelves this summer after Apollo Global Management and Metropoulos buy Hostess products for $410 million. 
  • Augusta metro unemployment rate increased in January to 9 percent.
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Riverman1
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Riverman1 03/15/13 - 05:28 am
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Speaking of hotels, it’s

Speaking of hotels, it’s interesting what out-of-town developer Cortland Dusseau is NOW saying about the TEE Center. His promised Hyatt Hotel was one of the main reasons given for building the TEE.

On March the 5th: “Dusseau said he hasn’t given up hope for the Augusta hotel and works on the project every day. He doesn’t know when he will secure a bank loan or start construction.” “The TEE Center is open now. We’ll see if that’s going to help or speed things up,” he said. “I’ve been at it so long now I don’t want to make predictions anymore.”

But we know a tax allocation district was created to help hotelier T.R. Reddy move forward with a $6 million renovation of the old Regency Inn into a Holiday Inn. He stated the project would be finished by the “end of 2013.” We had the big groundbreaking ceremony. HOW IS THE CONSTRUCTION GOING?

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