Aloft Hotel to get reduced land price, I-195 district incentives

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THE PROPOSED ALOFT HOTEL, at right, is expected to begin construction this year. / COURTESY I-195 REDEVELOPMENT DISTRICT COMMISSION
THE PROPOSED ALOFT HOTEL, at right, is expected to begin construction this year. / COURTESY I-195 REDEVELOPMENT DISTRICT COMMISSION
PROVIDENCE – Citing increased construction costs, the I-195 Redevelopment District Commission has agreed to cut the purchase price for the site for the $55 million Aloft Hotel project and apply district incentive funds. The project, part of the CV Properties’ Wexford Science & Technology campus, will involve a seven-story hotel with 169 rooms aimed at…

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