HAWKEYE HOTELS PLANS to develop a $15 million Moxy Hotel on a corner site in a vibrant district in downtown Omaha, Nebraska.
Omaha City Council in April approved the company’s plans to build the 105-room, six-story Marriott-branded hotel in the heart of the Old Market Entertainment District. To encourage development of the hotel, the city council approved $1.9 million in tax-increment financing.
The Moxy will be the first Nebraska property for Hawkeye Hotels, a family business with headquarters in Coralville, Iowa. Ravi Patel is president of the company. His brother, Raj, is chief development officer.
Hawkeye Hotels has worked with city officials to meet historic preservation standards and stay true to the historic legacy of the area, the company said in a statement.
“We are eager to work with the city to further cultivate the Old Market while also protecting the area’s rich history,” said Raj Patel. “It has been an honor to work closely with not just city officials but also the owners of The Diner and many other community stakeholders in planning the specifics of this lot’s transformation.”
The Diner is a landmark location that led a group of residents to lobby in favor of preserving the restaurant.
Hawkeye Hotels said construction is expected to start in August, and the hotel is expected to generate about 40 well-paying jobs for local residents.
The Old Market district is a hub for shopping, dining and nightlife. Omaha is home to the headquarters of four Fortune 500 companies and five Fortune 1000 companies, in addition the First National Bank of Omaha.
Hawkeye Hotels was founded in 1982 with one roadside hotel in Mena, Arkansas. It owns and operates more than 50 hotels across the country.