Eagle Village Hotel Renderings Released

Earlier this week, the University of Mary Washington Foundation unveiled preliminary renderings for a new $14 million hotel at

The UMW Foundation is planning a five story, 93-room hotel on a two acre site between the existing Phase I of Eagle Village and the The hotel would be located along a planned connector road to Sam Perry Boulevard. It is expected that the hotel will mostly serve the University and hospital communities as well as business travelers and other visitors. The hotel would be owned by the UMW Foundation but day-to-day operations of the hotel would be contracted out to a third-party management company.

The foundation announced that the new hotel will also include an indoor pool and fitness center as well as 1,600 square feet of retail space.

Earlier this year, the Fredericksburg City Council approved an incentive package worth up to .

The In the end, the hotel owners and operators could expect to get approximately $31,000 per year back from the city. The proposed city incentive packages is capped at $310,000 over the 10 year span.

Developers have to move fast. According to the terms of the city incentive package, the UMW Foundation must open the hotel by Dec. 31, 2014.

The UMW Foundation hopes to beat that handily, with a projected opening date of fall 2013. Construction will begin following the demolition of the retail strip north of Giant.