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Developers of the Homewood Suites Hotel in Washington Square are planning to build another hotel on the land, and are paying a total of $400,000 for the Worcester property.
The Worcester Redevelopment Authority on Friday authorized the sale for three vacant parcels at the rotary with Fall River-based First Bristol Corp.
After the meeting, the city and company officially announced the project in a joint statement.
The hotel, a currently unnamed Hilton brand, will include 110 rooms in a six-story building at an estimated investment of $22 million. The hotel will employ at least 40.
"We believe the location being directly across the street from Union Station and at the foot of Shrewsbury Street with an eclectic variety of restaurants and entertainment, as is the case with the Homewood Suites, is a great feature for our guests to enjoy within downtown Worcester," said President and CEO James Karam.
[Related: Greater Worcester hotel growth outpaces national average as prices rise]
The full plans are still being developed, but the city and developer said parking will be built under part of the building.
The parcels, 0, 20 and 36 Washington St., are contiguous pieces of land between Union Station and a medical office building and include a discontinued road that once connected to Front Street.
Chief Development Office Michael Traynor said the WRA is seeking a contractor to demolish the only remaining building on the property next to the railroad tracks.
First Bristol, he said, has been pitching the project for quite a while.
The company will pay $300,000 directly to the WRA and another $100,000 to the Worcester Jobs Fund, Traynor said.
The 120-room extended stay Homewood Suites Hotel by Hilton opened in 2017.
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Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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