Morrier Hotel

Yakima,
WA
(2005)

Morrier Hotel

Business Development

The construction of the Morrier Hotel is expected to help revitalize the City’s downtown by attracting tourists and new customers to nearby businesses.

Investment

NMTC Amount: $6,709,977
Total Project Cost: $12,000,000

IMPACT

190 FTE jobs
100 construction jobs
86,100 sq. ft. of real estate

CDEs

Grow America

Investor

Dudley Ventures

Project Description

Located on City land, the construction of the Morrier Hotel is expected to help revitalize the City’s downtown by attracting tourists and new customers to nearby businesses. This modern hotel with meeting facilities is the first hotel development in the area within the last 25 years. Several local small businesses located on the ground floor of the hotel were offered reduced rents. In addition to NDC’s NMTC investment, the hotel received a loan through the City of Yakima to make the 86,100 sq. ft. deal a reality.

MAP

Address: 399 East Yakima Avenue, Yakima, WA 98901

Census Tract: 53077000100

Other Washington Projects

Washington Forestry-Olympic Range Tree Farm

Clallam Bay,
WA
(2005)

Manufacturing, Parks and Forests, Rural, Targeted Populations, Timber and Agriculture

CDE(s): Rural Development Partners

NMTCs financing was necessary for a group of investors wanting to purchase 80,000 acres of forest land in the Olympic Peninsula to restore areas that had been over-harvested, and reverse