Saturday, June 20, 2009

Hilton Garden Inn gets Financing





From the Daily Hampshire Gazette:

NORTHAMPTON - After months of discussions with bankers from the United States and abroad, the development group planning to build a 101-room Hilton Garden Inn hotel downtown has secured financing right in its own backyard.

Shardool Parmar, the president of Pioneer Valley Hotel Group, said his company received a financial commitment letter this week from Berkshire Bank of Pittsfield.

Here are links to local reporting on the issue:

Chad Cain on Gazettenet

Fred Contrada on MassLive
update 6/22 from Contrada

For full video of Planning Director Wayne Feiden's presentation of the revised hotel scheme to the city council on June 18, visit Daryl LaFleur's Northampton Redoubt on the Valley Advocate website.

The hotel plans were the center of some serious controversy two summers ago,
when it was revealed that the the city had issued the hotel developer a special permit for the project before site plan review, a violation of the city's own rules.