Sessions Hotel

Adaptive reuse of local landmark as a boutique hotel and centerpiece of downtown revitalization efforts.

Investment

  • NMTC Amount: $2,593,750
  • Total Project Cost: $29,079,405

IMPACT

  • 116 FTE jobs
  • 108 construction jobs
  • Rehabilitation of a vacant or under-utilized historic structure.

Investor

Project Description

Adaptive reuse of local landmark as a boutique hotel and centerpiece of downtown revitalization efforts.

“We’re excited about it,” said Kimberly Christner, president and CEO of Cornerstone and a partner in the project. “It’s been a long road, and we’ve been silent, but we would just say the same things trying to get it all lined up. There are a lot of moving parts to getting a deal like this done, and we don’t want to go into it when it’s not financially viable. We wanted to make sure we had all our ducks in a row; that it was beautiful, not only a great compliment for downtown, a big draw for downtown and be a financially stable project.” [Quote via Herald Courier]

MAP

Address: 800 block between State and Goode streets, Bristol, VA 24201

Census Tract: 51520020200

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NMTC financing supported the construction of an R&D laboratory and research center.
NMTCs enabled Monogram Snacks to expand their facility in Martinsville, VA by 56,000 sq. ft. and renovate space in the original production plant.
Two medical services facilities designed to provide services to the elderly and the medically under-served
Adaptive reuse of local landmark as a boutique hotel and centerpiece of downtown revitalization efforts.