Ambassador Hotel and Annex

About

Augustine Development Group purchased five lots totaling 1.5 acres for $5.4 million in July 2018. The group has begun work to convert the long-vacant, historic Ambassador Hotel into a 120-room hotel property with a nationally recognized flag. The phases following include plans for a 200-unit apartment building (known as the Central National Bank building) and parking garage to further benefit the needs of the Independent Life Insurance Building renovation, also underway on the same street.

Investment: $18.5 million (hotel only)

Tags

  • Under Construction
Directions

Tags

  • Under Construction