New Markets Tax Credit Coalition

  • Yakima,
  • WA
  • (2005)

Morrier Hotel

District: Dan Newhouse (R-WA04)

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

Investor

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

Missing information? Submit an update or correction.

Other Washington Projects

Clark County Family YMCA
  • Vancouver,
  • WA
  • (2012)
  • CDE(s): National Community Investment Fund, Wells Fargo
At the time this project was financed, Vancouver was home to the only YMCA facility in the state of Washington, and its impressive outreach efforts currently touched over 14,000 people
Learn more..
Tall Cedars
  • Auburn,
  • (2011)
  • CDE(s): King County Housing Authority

NMTC financing from Kitsap NMTC supported a unique project, The Tall Cedars. The project brought affordable, single family housing to Kitsap County. People of all ages have the chance to

Learn more..
Byrd Barr Place
  • Seattle,
  • WA
  • (2021)
  • CDE(s): Enterprise Community Partners, USBCDE
The preservation and substantial renovation of Firehouse 23, a two-story, 11,000 sq. ft. former fire station in the Central District neighborhood of Seattle, WA.
Learn more..
Northstar 2.0
  • Vancouver,
  • WA
  • CDE(s): Nonprofit Finance Fund

Northstar 2.0 is the renovation of a new building recently acquired by Columbia River Mental Health Services (CRMHS). The new building is 7,917 square feet and 7,117 feet will be

Learn more..