WARWICK – Construction of a new, 125-room Hyatt Place hotel in City Centre Warwick was celebrated last week.
The project of D’Ambra Construction will include $20 million in investment and create an estimated 145 construction jobs. The hotel is the first of several projects scheduled for the former asphalt site.
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On completion, the Hyatt will become the 17th hotel in Warwick. State incentives authorized by the R.I. Commerce Corp. to facilitate its construction include up to $3.5 million in tax increment financing, $300,000 in a sales tax exemption on construction materials and $1.2 million in Rebuild Rhode Island tax credits.
Mary MacDonald is a PBN staff writer.
