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Redevelopment commission approves $42,000 hotel market study to gauge demand and site options
Summary
The Zionsville Redevelopment Commission approved a contract for a hotel market feasibility study to assess demand, product type, room capacity and up to two potential sites; the town will fund the $42,000 study to preserve independence, with delivery expected in about eight weeks.
The Zionsville Redevelopment Commission on July 22 approved a contract with a consultant to perform a hotel market feasibility study, subject to finalizing contract terms and signature by the commission president.
Commissioners said the study is intended to measure demand in Zionsville, recommend an appropriate hotel product and identify up to two suitable site options. Redevelopment staff estimated the contract cost at $42,000 plus up to $2,500 in expenses and said the study should be complete in about eight weeks after a kickoff on execution.
The study will…
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