Hotel planned for Indian Lake
Ground will be broken soon for a new 54room hotel at Indian Lake. A study done by Core Distinction, a Wisconsin consulting firm specializing in the evaluation of potential demand for hotels concluded that the need is significant in this region.
Currently there are no hotels within nine miles of the lake.
A group of 17 investors, most with ties to Indian Lake, have committed to the eight million dollar project. Financing is being provided by Richwood Bank along with PACE. The site is located on the southeast corner at the intersection of Route 33 and Lincoln Boulevard in Russells Point. The location provides a view
of the lake and high visibility as well as plenty of room for parking and future expansion if needed.
The new Cobblestone hotel will be managed
by SHG. It will feature a mix of short term and long term stay suites, ADA compliant units, a swimming pool, conference room, breakfast room, exercise room,
laundry and outdoor patio.
“We believe that the new hotel will be a great addition to lake amenities. Visitors will have the option to spend a night, a weekend or as long as they like with some long stay units featuring a kitchen, living room and separate bedroom. Some folks have not been able to accommodate all of their families due to lack of room and this provides room for family members to visit without crowding a private residence. Visitors who come for fishing, boating, business or just to visit friends will have a comfortable, clean and attractive place to stay,” said one of the investors.
The investors met at the chamber of commerce a number of times over many months with Janice Tata, a company representative to learn about the brand and its three divisions, Cobblestone, BriMark Builders, and SHG management.
Headquartered in Neenah, Wisconsin, Cobblestone Hotels prides itself on filling the lodging needs of communities throughout the United States. Since January of 2008, the brand has expanded to over 162 hotels in 29 states.
For more than 10 years Cobblestone Hotels has been known as one of the fastest growing hotel brands in the country.