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Roswell council backs Roswell Development Finance Program loan for proposed downtown Hyatt-branded hotel
Summary
The Roswell City Council on Nov. 24 unanimously approved a resolution supporting the Shambre Hotel and authorized city staff to execute documents for a $14.76 million loan through the Roswell Development Finance Program; officials said the loan carries no direct financial risk to the city.
The Roswell City Council on Nov. 24 approved a resolution supporting the Shambre Hotel project and authorized the city administrator to execute documents necessary to implement a $14.76 million loan under the Roswell Development Finance Program, Daryl Connelly, the city’s director of economic development, told the council.
Connelly said the Shambre Hotel is a 125-room, Hyatt JDV-branded boutique hotel proposed for downtown Roswell, with a total project cost reported in the presentation as $55 million. The developer is DTR Hospitality (identified as an affiliate of DSM Realy Partners); the third‑party lender named in the presentation is New Capital. Connelly said the loan would have…
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