COLUMBIA — A new hotel could be coming to the Capital City’s busy Huger Street corridor.
Plans for the proposed five-story, 130-room property were submitted to the city’s Design/Design Review Commission by architect Craig Otto.
It would sit at the southwest corner of Huger and Senate streets, a couple blocks away from the Congaree River. It is expected to cost $10 million to build, according to city documents.
Real estate transactions for the land are still underway. Developers of the project could not be reached for comment Monday.
It is also a block away from the Kline Iron and Steel Co. site where developer Paul C. “Bo” Aughtry III earlier this year announced plans for a 250-room Marriot hotel.
This is the second hotel proposed for downtown Columbia in recent months. A former National Guard armory in the Vista is being redesigned as a boutique hotel.
The new development all comes while South Carolina’s hospitality industry has been ravaged by the international coronavirus pandemic.
Building industry experts say, despite virus-related setbacks, developers have been choosing to move forward with hotel plans, believing the economy will return to normal within the two years it often takes to construct hotels.
Before the pandemic, Columbia’s downtown hotels were enjoying hefty demand, with occupancy rates averaging about 73 percent — high by industry standards.