Hotel Covington
The Catalytic Fund · Covington, KY · 2 wk ago
ManagementFull-time
About the Project
Hotel Covington involved the conversion of a Class C office building into a 116-room upscale boutique hotel. Developer Salyers Group restored this architecturally significant structure, originally the former Coppins Department Store building, creating a unique destination for business and leisure travelers as well as the local community.
The award-winning hotel catalyzed adjacent investments, employs 85 local residents, and continues to bring new spending to Covington’s historic business district. The Catalytic Fund supported the project by procuring a pre-development grant through Duke Energy’s Urban Revitalization Program, providing capital acquisition services, and making a direct equity investment.