Boulders Inn and Suites eye Newton for new hotel location
The Newton City Council will vote on a resolution to partially fund the renovation of a local hotel at 6 p.m. tonight. Boulders Inn and Suites, based in Denison, entered into a preliminary agreement with Bank Iowa to purchase the unfinished hotel located next to the Valero gas station at 4300 S. 22nd Ave. E.
The hotel is expected to open in time for NASCAR season. In order to complete the project, a $125,000 economic land grant and partial property tax rebate are requested.
If approved, construction on the remaining portion of the hotel would begin immediately, and once the project is completed, the city should have a new 42-unit hotel valued at $1.5 million dollars.
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