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Marshall County tourism board agrees to fund pro forma for proposed Culver hotel
Summary
The Marshall County tourism commission voted to provide $7,500 to release a hotel feasibility pro forma tied to a proposed 65-room Cobblestone hotel in Culver.
The Marshall County tourism commission voted to provide $7,500 to release a hotel feasibility pro forma tied to a proposed 65-room Cobblestone hotel in Culver.
Kevin (presenter) told the commission the development would be a Main Street–oriented, 65-unit hotel with room types including a small number of suite-style "home stay" rooms and a small conference area. He said the developer, Chris Hart of Cobblestone, and local partners are discussing a $10 million–$11 million project and that an initial pro forma—paid for in part by the Culver redevelopment commission—shows strong monthly…
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