WENATCHEE — The developer behind a planned hotel project next to Walla Walla Point Park is hoping to start construction next month and finish sometime next year.
The hotel, a Residence Inn by Marriott, is one of four separate hotel projects that are under development in Wenatchee. That’s in addition to two other hotels that have been recently completed in the valley.
The developer, Stream Real Estate of Seattle, is currently working through the permitting process before construction starts, Managing Member Marc Angelillo said.
The building will have 127 rooms on five floors, according to city of Wenatchee records. A landscaping company and a dog park are being moved to make room for the project.
Last week Stream Real Estate purchased the project’s land from the family of Bob Parlette, the late Wenatchee community leader and developer, for roughly $2.7 million, according to Chelan County Auditor’s Office records.
Although the company has developed similarly sized apartment complexes in the past, this will be its first hotel project, Angelillo said, and its first property in Wenatchee.
The company plans to keep ownership of the property but the hotel will be operated by a management group, he said. They hope the hotel will attract business travelers and other guests looking for extended-stay options in Wenatchee.
“There’s not a lot of options for them now … so we’re particularly interested in extended stay,” Angelillo said.
Stream Real Estate also has an adjacent parcel that may be used for an apartment complex with 70-80 units in the future, he said.
“We won’t look to get started on that until next year,” he said.