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Proposed $77 million headquarters hotel for Dayton Convention District targets Q4 2028 opening
Summary
MCCFA materials describe a $77 million, 197‑room nationally branded hotel with an estimated $15 million financing gap to be addressed with special revenue bonds and other gap tools; timeline shows construction start targeted for Q4 2026 and opening in Q4 2028.
Pam Plageman presented details on a proposed Dayton Convention District Headquarters Hotel, calling it a "$77 Million Project – National Brand Hotel – 197 Rooms" in the slide materials. The packet reviewed a funding and financing overview that lists roughly 60% debt financing and 13% equity (the slide notes '73% invested' as a combined figure) and identifies an estimated $15 million public/CFA financing gap that could be filled through special revenue bonds supported by dedicated revenue streams and other gap financing tools.
The presentation materials list a proposed County/City contribution of $3 million and another project gap of $3.3 million described in the slides as PDAC-ranked and a high priority for mitigation strategies. Plageman walked through a project timeline showing release of design in Q1 2026, permit set completion in Q2 2026, an RFP to general contractors in Q3 2026, anticipated closing on developer financing and an NCA bond issue in Q4 2026, selection of a general contractor and start of construction in Q4 2026, and a targeted hotel opening in Q4 2028.
Plageman did not present a finalized financing commitment at the meeting; the slide set frames remaining items as gap financing needs and options (grants, state participation, and other public financing mechanisms). No formal vote or county funding appropriation for the hotel was recorded in the meeting minutes.
