Plans to replace the shuttered Red Lion Hotel in Cromwell with a mixed-use apartment development will cost about $100 million, developer Martin Kenny says.
Kenny is teaming up with frequent business partner Alan Lazowski and the current owner of the property – a limited liability company tied to California-based investment management firm M360 Advisors.
Despite two years of a pandemic that has forced the cancellation or postponement of many in-person gatherings, developers of a major new Bristol events center and hotel said they are optimistic about the future as their project gets ready to open next year.
The $25 million Bristol Event Center is expected to debut on Century Drive in the first quarter of 2023, after breaking ground in late 2020.
Hartford's hard-hit hotels are struggling to stay open after pandemic squashes business travel and convention business courant.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courant.com Daily Mail and Mail on Sunday newspapers.