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Vision Hospitality restoring historic Grady Hotel in Louisville, KY

The hotel’s structure, built in 1883, is scheduled to open in 2021

WORK HAS BEGUN on reconstructing The Grady Hotel in Louisville, Kentucky, another luxury boutique hotel being developed by Chattanooga, Tennessee-based Vision Hospitality Group, led by Mitch Patel, president and CEO. It is scheduled for completion in 2021.

The 51-room hotel is name for Grady Clay, a local journalist and proponent of the New Urbanism movement that focuses on the development of walkable communities. It was built in 1883 by pharmacist J.B. Wilder.


“We are excited to restore this historic building in the heart of Bourbon City to a luxury boutique hotel that encompasses Louisville’s one-of-a-kind spirit,” Patel said. “We also look forward to joining this timeless neighborhood with Wild Swann, our food and beverage offering intended for guests and locals.”

The Wild Swann restaurant is named after the Swann-Abram Hat Co., one of the original residents of the building in the 1920s known for designing the first hats worn at the Kentucky Derby. It is near the Muhammed Ali Center, Frazier History Museum, Louisville Slugger Museum and many of the area’s restaurants and bars.

Vision Hospitality first announced its plans for The Grady in 2018, according to local media.

Vision Hospitality’s other upscale developments include the AC Hotel Atlanta Perimeter Center in Atlanta, expected to open in 2021, and the Aloft by Marriott Chattanooga/Hamilton Place in Chattanooga. In 2018 it opened The Edwin Hotel, part of Marriott International’s Autograph Collection, in Chattanooga, Tennessee, and launched its own boutique brand, Kinley.

The company also recently broke ground on the Hampton Inn by Hilton Blue Ridge in Blue Ridge, Georgia.

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U.S. Hotel Construction Drops to 40-Quarter Low: CoStar

CoStar: U.S. hotel construction hits 40-quarter low

Summary:

  • U.S. hotel rooms under construction fell year over year for the ninth month, CoStar reported.
  • About 137,956 rooms were under construction in September, down 12.3 percent from 2024.
  • In September, 12,746 midscale and 4,559 economy rooms were under construction.

U.S. HOTEL ROOMS under construction fell year over year for the ninth consecutive month in September, reaching the lowest level in 40 quarters, according to CoStar. Still, more rooms are under construction now than after the Great Recession.

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