Vestavia Hills on Tuesday purchased the former Times Inn at 1485 Montgomery Freeway for foreseeable future redevelopment.
The metropolis closed the deal for $3.6 million on Tuesday from former proprietor RAM Hospitality, following a exclusive named assembly of the Vestavia Hills Metropolis Council on Monday night. The council voted 5- to approve the proposal, reported metropolis communications director Cinnamon McCulley.
The five-tale developing on 3.57 acres originally opened as the 160-space Howard Johnson’s Motor Lodge Vestavia Hills in 1974. In the 1970s, it highlighted a Howard Johnson’s Coffee Shop and Ebenezer’s restaurant and bar. It was rebranded as a Comfort and ease Inn in the 1990s and purchased by RAM Hospitality in 2006, when it grew to become Vestavia Hills Lodge, then a Quality Inn and afterwards a Days Inn.
“We will demolish the structure and promote the assets to developers,” McCulley said.
At the very least six builders have now approached the town with curiosity in the residence, she claimed.
“There will be watchful thing to consider considering that this residence is the southernmost gateway to Vestavia Hills,” McCulley claimed.
The house is in close proximity to the place Interstate 65 crosses U.S. 31 north of Hoover.
Demolition will probable begin in the fall, McCulley mentioned.
The price tag of demolition is approximated at $385,000. The city approved the use of $4.1 million in funding from the American Rescue System Act for the acquire of the home and demolition.
“Highway 31 is an crucial organization and transportation corridor in Vestavia Hills and, as these types of, advancement of this corridor has prolonged been a prime priority of the Vestavia Hills elected officers and City staff,” Metropolis Supervisor Jeff Downes mentioned in a assertion released past 7 days. “The obtain of this property signifies a much more than two-12 months journey to produce on the Town Council’s wishes and I am thrilled to publicly announce this beneficial motion within just out City. I entire-heartedly imagine that the demolition and redevelopment of this house, in conjunction with the ongoing and long term development of privately-owned commercial attributes, will be pivotal in making considerably essential momentum for advancement together Highway 31.”