It seems like the Meyers Group is going to do a good job with it,” Harvey said. “It's neat for us to see that hotel getting turned into something like its former glory. The exterior design of the building will also be preserved. They can gut them, they can renovate them, they can modernize them, they can turn this into a five-star ultra-luxurious technological marvel if they want to,” Grossman said. What the owners do with the other rooms, which already have lost their historical character, we don't care. “The lobby and dining area will be renovated and maintained. When it is being renovated, the developers will have to follow strict guidelines for updating historical buildings to ensure that the contextual and historical character of the building is maintained. Grossman says that the building is eligible for major tax credits that can fund up to 45 percent of the project because the hotel is one of 24 buildings on the national historical places list in downtown El Paso. In July, the Meyers Group and Two Sabes LLC announced plans for a $70 million renovation project for the hotel. These were men along with a few others who really built our city,” Grossman said. He participated in the whole plethora of projects in the construction industry in real estate inspection they were involved in the railroads. “Zach White and Felix Martinez were the two major, major investors, who built this hotel in 1912, they were among the early economic pioneers of our city. He built a bridge over the Rio Grande and played a major role in the development of the Upper Valley. However, the hotel was not White’s only project. Max Grossman, the Vice-Chair of the El Paso County Historical Commission. It was the largest and most luxurious hotel in 1912 between Dallas and California,” said Dr. “This hotel is one of the most historic buildings not just in El Paso but in the entire Southwest. The hotel originally cost $1.5 million to build and has gone through numerous renovations and additions over the years.
“When he first came here I think he started general store and then shortly thereafter I believe he started brick works and then an electric company and then the Paso Del Norte Hotel.” “Basically because all of the railroads were converging in El Paso he thought this would be a good place to start some businesses,” Harvey said. White was one of the developers of the then Paso Del Norte Hotel back in 1912. Will Harvey is the great-great grandson of Zach Smith, one of the most influential people in the history of El Paso. When completed, the convention hotel will bring even greater opportunities to our already-thriving downtown.EL PASO, Texas - A descendant of the original builder of the Camino Real Hotel says he’s excited about the planned $70 million renovation planned for the hotel. "This project includes a return on investment clause that pays the city a percentage of the net profits in perpetuity. "A lot of hard work with a strong team has taken place to make this project a reality," said City Manager Tommy Gonzalez. This project is going to be key to our redevelopment efforts of downtown and is definitely a catalyst for our continued economic growth here in the El Paso region."Ī final incentive agreement will be submitted for approval by City Council in September, officials said. "I'm proud to say that this is not only a city initiative, but an initiative that includes our partners at the county and state level. "This revitalization project has been a long time coming," El Paso Mayor Oscar Leeser said. The Myers Group is the same company who plans to build a luxury high-rise building on Shadow Mountain Drive in west El Paso. The project allows for an incentive agreement with Meyers Group Acquisitions and it also allows the company to begin work on the renovation. The Camino Real is expected to undergo a $70 million transformation, city officials said. Tuesday, City Council approved a term sheet that will allow city staff to move forward with a redevelopment project for the hotel. EL PASO, Texas – - It looks like the historic Camino Real Hotel in downtown El Paso could be getting a face-lift.
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