From Crain's Akron Business: The pandemic's stranglehold on the hospitality industry quashed plans by the Gateway Group and Paran Management to finance the conversion of the site into a luxury hotel, at least for now. Meanwhile, the property has been listed for $1.3 million.
The city's newest hotel spent most of the year closed, while its biggest new development, the Bowery, didn't get its first retail tenant until December. But there are signs of hope for improvement in 2022.