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Parkes Development Group gets construction loan for $93M Kimpton Hotel in Cincinnati (www.bizjournals.com)

submitted 1 month ago by [email protected] to c/[email protected]

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The $93 million redevelopment of the historic Traction Building in downtown Cincinnati, nearly a decade in the making, will break ground in a matter of weeks.

Parkes Development Group, the Franklin, Tenn.-based firm behind the 121-year-old building’s transformation into a 152-room Kimpton Hotel, has secured a construction loan, the firm announced in a media release.

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