Million-dollar deal for Historic Redmond hotel

6/19/2017 (Permalink)

A $1 million deal between the city of Redmond and a California investment firm could revive the New Redmond Hotel, a historic downtown landmark vacant since 2005.

The Redmond City Council, acting in its role as the Redmond Urban Renewal Agency, agreed Tuesday to spend $1 million toward renovating the 89-year-old hotel. Alpha Wave, an Orange County, California, based hotel investment group, will then come up with the remaining funds for the purchase and renovation work involved in the $5.25 million project.

The 43,500-square-foot hotel, located at 521 SW Sixth St., is one of the largest buildings in downtown Redmond.

The second and third floors have 48 rooms that have been empty for more than a decade.