Governor Andrew M. Cuomo today announced that the historic DeWitt Clinton Hotel in downtown Albany, which has sat vacant for years, will be transformed into a full service, 204-room Renaissance by Marriott Hotel. The $48 million redevelopment project, located just steps away from the State Capitol, will provide an economic boost for downtown, spurring investment and job creation along the State Street Corridor. The project is expected to result in more than 200 construction and hospitality jobs.
Under this public-private partnership, we are transforming a long vacant property into an engine of economic growth in the Capital Region, Governor Cuomo said. This project will help create more than 200 jobs and continue our efforts to revitalize Downtown Albany. The new hotel will be a great asset in attracting visitors and new investment to the Capital Region, especially as the State works to increase tourism and bring new business to Upstate New York.
Empire State Development (ESD), the States chief economic development agency, designated $4 million in funding through the Upstate Regional Blueprint Fund, to support this project.
The renovation of the former DeWitt Clinton Hotel complements the revitalization efforts already taking place on State Street, and will allow this 1920s city landmark, that has sat vacant for years, to shine once again, said ESD President, CEO & Commissioner Kenneth Adams. With a thriving, new first-class facility in place, the Renaissance by Marriott will no doubt have a significant economic impact on the region, encouraging additional investment and jobs and driving more visitors to downtown Albany.
City of Albany Mayor Gerald Jennings said, The Dewitt Clinton Project will give new life to a historic property on one of the most important streets in the Capital Region. This exciting development will not only provide visitors to Downtown Albany with another option for high-end accommodations just steps from the Capitol, it will also provide quality career opportunities in the hospitality industry to our local residents.
The Renaissance Albany will have the feel of a boutique hotel and will include the buildings original breathtaking lobby. Located at the corner of State and Eagle Streets, the Renaissance will offer intimate meeting space for private events, 204 rooms, a full-service restaurant open to the public, a lounge and coffee shop. It will be the first time the region has had a full service Renaissance by Marriott Hotel.
The renovation of this key property at the top of State Street is a critical next step forward for the continued revitalization of Downtown Albany, said Capitalize Albany Corporation President and Commissioner of Development and Planning Mike Yevoli. We have seen tremendous expansion in the hospitality industry in Downtown over the past 10 years as interest in Albany, specifically Downtown, has continued to grow. Private investments like these, with the aid of public sector support, will keep people coming back to our City.
This development will have a positive economic impact on downtown Albany and will bring vibrancy to Albany County. We continue to work to attract top brands like Renaissance to our County, said Albany County Executive Daniel P. McCoy. I look forward to seeing new life injected into this beautiful building and congratulate all involved who have made this possible.
Columbia Development Companies has earned a reputation for taking on tough projects and for having success where others have walked away, said Joseph Nicolla, President of Columbia Development Companies. On the heels of our announcement a few weeks ago that is transforming long abandoned properties on Wellington Row, todays announcement continues the confirmation that State Street is the economic, commercial and residential foundation for downtown Albany. We are very pleased to work with local leaders to continue renovating the citys abandoned landmarks, and stay tuned for more exciting announcements regarding the Upper State Street Renaissance.
Our team at BBL Hospitality is excited to welcome Renaissance, a top national hotel to the Capital Region for the very first time, said Steve Obermayer, President of BBL Hospitality. Other cities like New York City and Boston have seen Renaissances model of renovating historic hotels create a distinctive excitement that pairs the hotel with its host city. Through our previous partnerships with the Marriott brand, we believe that Renaissance is a perfect fit for Albany and will provide an experience never before seen here.
Built in 1927, the DeWitt Clinton Hotel was named after the former Governor of New York State. Although hotel operations ceased in 1975, over the last several years state and local government and the private sector worked hand-in-hand to revitalize the DeWitt Clinton as a hotel operation.