If all goes according to plan, a new hotel will open in Farmington next spring.
Brimark Builders has financing lined up for the project and is now working on putting together an investor group, Siebert said.
The 36-room hotel will be built in the Vermillion River Crossings development on Denmark Avenue and County State Aid Highway 50. The rooms will have a mix of double and king sized beds. A few of the suites will have whirlpools, as well. Room rates will be between $85 and $100 a night.
“That’s about the standard for that quality of product,” Siebert said. “This is not a budget hotel, this is considered limited upscale. People are generally very impressed with the product. This is a really nice hotel for a smaller community.”
In addition, the facility will include a meeting space that can accommodate up to 50 people, an indoor pool, a computer center, an exercise room, a guest wine and beer bar, and a small convenience store.
The hotel will not include a banquet hall for larger gatherings.
Siebert actually looked at developing a hotel in Farmington about 10 years ago, but at the time, the community’s population did not indicate a need for such a facility, he said. About a year ago, at a League of Minnesota Cities event, someone suggested he go back and look at Farmington again. And so, he did.
The community has grown in a decade, and so have its needs. When Siebert looked at the retail base and some of the other factors, it became evident Farmington could use a smaller-scale hotel.
“Farmington doesn’t need a 70, 80-room hotel, but they can justify putting one together that is a 36-room hotel. In a bedroom community like Farmington, there are events like family reunions, weddings, graduations and so on. All of those gatherings have people coming from a distance and needing a place to stay,” Siebert said. “Now they’ll have a place to stay.”
While Siebert did not have an exact construction timeline, he expects the hotel to open in the spring of 2015.