A new hotel on Broad Street should be open in time to welcome visitors for the 2014 Masters Tournament.
The 118-room, 70,000-square-foot Holiday Inn Express & Suites, which is replacing a former Regency Inn at 444 Broad St., could be ready by March 1, builder and project partner Mason McKnight said.
“You want to open up at least two or three weeks before Masters so you can get all the kinks out,” said McKnight, the president of ACC Construction Co.
Work started on the $8 million overhaul in early March. The six-floor hotel has been gutted, but the original steel structure remains intact.
A new roof and rooftop metal deck are in the works, and plumbing work has begun on the first floor, McKnight said. He estimates that window installation will take place in late August, with interior work occurring from that point onward.
“We’re about 35 percent through with the job,” McKnight said.
Developer and local businessman T.R. Reddy purchased the dilapidated hotel, built in 1965, for $588,500 at a 2009 auction after the building sat vacant for years. He had planned the renovations in 2010, but financing issues caused a delay.
Reddy said the project remains ahead of schedule.
“The rain has caused somewhat of a delay,” he said. “But in spite of that, they’ve made progress.”
The energy-efficient facility is designed to include an outdoor swimming pool, gym and meeting space. Between 20 and 25 employees will likely work at the hotel.