Historic building becomes boutique hotel as downtown Akron, Ohio revitalizes

Akron, Ohio developer Tony Troppe is moving forward with his new boutique hotel in the historic United Building in downtown Akron, and has named it The United 1: A Blu-tique Hotel.

Troppe is developing the 65-room hotel with assistance from a $1.6 million Ohio Historic Preservation Tax Credit. He expects the hotel to open by the fourth quarter of 2016.

The overall cost of the project will be about $11 million, with about $7 million going toward renovations, he said.

I think this hotel will be the catalyst for something greater,” Troppe said. “We are putting a first-rate hotel right at Akron’s doorstep, and people will be surprised what they see when they step outside.

The hotel, which Troppe named “Blutique” after his successful Blu Jazz+ nightclub across the street, will be Akron’s second downtown hotel to open in less than a year. The Courtyard by Marriott opened in February of 2016.

Troppe said the United Building has been 100 percent occupied in recent decades, but lately it’s been less than 50% full. His application for the Ohio Historic Preservation Tax Credit lists the vacancy rate at between 70 and 84.99 percent.

Image credit: APEX

See article by Beth Thomas Hertz in Crain’s Cleveland Business.

See article by John Harper on Cleveland.com

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