hotel, retailers head to Troy development
Dayton Business Journal - August 3, 2007 by
Yvonne Teems DBJ Staff Reporter
A Comfort Suites hotel is coming to a
booming development in Troy, and plans are pending for a
second, adjacent hotel down the pike.
break ground this fall on the 65- to 80-suite Comfort
Suites hotel, located in the Troy Towne Park development
that hugs the northern side of the
Wal-Mart Super Center along Interstate 75. The $5
million hotel is slated to open in April, said hotel
owner Utendra Patel.
The hotel is one of several new
projects in the 67-acre Troy Towne Park, a
Singer Properties' development that houses Towne
Park Apartments, The
Learning Place and Jay & Mary's Book Center. The
retail, restaurant and apartment project is getting a
Coldstone Creamery, a
New Orleans Bistro and a dentist's office in the
coming months, said Alex Kolodesh with Singer.
growing area ... Troy is expanding itself with new
industries," Patel said. "Miami County is a good county
to do business in."
Patel plans to close on the purchase
of two acres in Troy Towne Park at the end of August,
and he hopes to build the foundation before the ground
freezes this winter.
Patel may invest in more property
in Troy Towne Park in the future. Depending on the
performance of the Comfort Suites, he may build a
higher-end, Cambria hotel adjacent to the first in the
coming years. That hotel would contain between 80 rooms
to 85 rooms, he said. He has no timetable for its
The Comfort Suites will target the middle-
to upper-class business traveler, charging between $80
and $150 per night. All of the rooms will be suites,
with areas for sleeping and for living and working. The
rooms will be about 420 square feet, compared with the
standard, 300-square-foot room, Patel said. Five suites
will have hot tubs.
The hotel also will include a
two-story lobby, a swimming pool and hot tub, fitness
center and breakfast area. The first floor will contain
a small board room for five to 10 people and a large
meeting room that fits 50 to 60 people.
Suites is the fourth such hotel in the Dayton area, with
other Comfort Suites in Dayton, Middletown and
The arrival marks the ninth hotel for Troy,
and the first one to crop up in several years, said
Chuck Cochran, president of the
Troy Development Council. Cochran said hotel
investors chose Troy in part because of the industrial
growth the area recently has seen. In 2006 Troy received
$247 million in new industrial development and 1,055 new
And the hotel's location -- with visibility along I-75
-- is key.
"We're located on I-75 next to I-70," Cochran
said. "We call that the 'Crossroads of America.'"
aside, retail in Troy Towne Park has been hopping in
recent weeks. The owners of
Cork-N-Vine, which operate the wine tasting and
retail shop's first location in the park, opened a
sandwich shop across the parking lot. Dagwood's, which
serves deli-style sandwiches -- with coleslaw and french
fries on top -- opened mid-July.
10,000-square-foot building on the western side of the
development will get a Coldstone Creamery in a
1,500-square-foot spot in about two months, Kolodesh
The building also will get a New Orleans Bistro,
which opened its first local spot in early July off
Miller Lane in Butler Township. The fast-casual
restaurant will open its second Dayton-area location in
a 2,500-square-foot slot in about six months.
half of Troy Towne Park is available for development. Kolodesh envisions six or seven out-parcels with
restaurants along the eastern side of the property
bordering I-75. The
Miller-Valentine Group also bought six acres on the
northern edge and plans to build five,
12,000-square-foot buildings there for professional and
medical office space. One already is constructed.
running in the development is the 204-unit Towne Park
Apartments. In retail sections of the development,
Winans Fine Chocolates and Coffee,
A.G. Edwards and
National City have locations there.
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