Developers propose 90‑room 'Reveries' hotel in Dundee and seek transient lodging tax rebate to bridge financing gap

Developers with Embarcadero Hospitality Group and Portland‑based SKB presented a plan to build a 90‑room boutique hotel, branded “Reveries,” north of Highway 99 in Dundee and asked the City Council to consider a temporary rebate of transient lodging tax (TRT) revenue to close a financing gap.

Why it matters: council action on a TRT rebate could make the project financially possible and generate new ongoing lodging tax and property tax revenue for the city while creating retail space, jobs and a rooftop bar that developers say would draw visitors into downtown Dundee.

Who and what: Sandra (Saundra) (Embarcadero Hospitality Group) and John Olivier (SKB) described a ground‑up hotel with five attached “casitas,” a courtyard, rooftop bar, conference/boardroom space and street‑facing retail that the team intends to lease to a brewery and a bakery/coffee operator. “We envision this hotel not only as a great destination for visitors to come and experience Dundee ... but we also really envision it as a hub for the community that locals can enjoy,” Saundra said.

Economic case: developers presented pro forma estimates and a market study by ECONorthwest. They projected the hotel would produce more than $20 million in TRT receipts over 15 years; using…