Two Rivers hotel project receives $250,000 grant

Posted on Jun 20, 2019 :: Insight on Business, Web Exclusive.
Kennedy Krause
Posted by of Insight Publications

The Wisconsin Economic Development Corp. announced a $250,000 Community Development Investment Grant for the City of Two Rivers to help finance the construction of a new downtown hotel.

This Cobblestone Hotel & Suites, a Wisconsin-based lodging chain and growing franchise, will be a 55-room, four-story hotel located near the waterfront in the heart of historic downtown Two Rivers. The location will offer guests close access to the area’s restaurants, bars, retail shops, bike and pedestrian trials, Lake Michigan beaches and marinas. This project represents Two Rivers’ ongoing efforts to redevelop a downtown waterfront once dominated by industrial facilities.

“Two Rivers is a historical manufacturing-focused community that has lost much of that identity in the past 20 years,” said Rick Carey of Two Rivers Hotel Group LLC. “Investing in downtown redevelopment will result in a healthier mix of local economics through increased tourism, and the new Cobblestone Hotel overlooking Lake Michigan will be a catalyst for achieving that goal.”

The new hotel will bring more visitors to Two Rivers, create a more vibrant, attractive downtown and benefit many local businesses, leading to the community’s economic success and changing identity, he added.

Hotel construction is set to begin this summer with an expected opening in May 2020.