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Hotel development is alive and well and business partners are eager to get deals done. That was the take-away from the 2nd quarter Commercial Real Estate Networking Event held at the TownePlace Suites by Marriott Nashville Downtown/Capitol District, co-hosted by Meyer Jabara Hotels and Vivid Capital. More than 70 hotel developers, owners, consultants, franchise reps, financiers, designers, and construction experts met to discuss active deals and identify new opportunities to work together.
Main Street Community Capital (MSCCap), a Midwest based development company, has selected Meyer Jabara Hotels (MJH) to manage its JDV by Hyatt in Dubuque’s Historic Millwork District. The 96-key project will reside on several floors of the Novelty Iron Works complex. The complex is a former “ironworks” turned millwork factory built starting in the 1880s that was converted to a residential complex with food and beverage outlets, entertainment space, retail shops, and courtyard. When complete, the JDV by Hyatt Dubuque will feature a rooftop restaurant and bar also managed by MJH. Construction will begin in Fall 2022, with a grand opening planned for Fall 2023. This is the fourth Hyatt hotel in the MJH portfolio, its second management contract with MSCCap, and its first JDV by Hyatt branded property.