HomeMy WebLinkAbout2023-1171 (3)
Ramirez, Jonathan
From:Howland, Devin
Sent:Friday, November 3, 2023 2:23 PM
To:Agenda Item Comment
Subject:Agenda Item Comment- B.1 REINDL PROPERTIES, INC
Attachments:Letter of Support - Reindl Properties Hotel Project from Cato Springs
Development.pdf
Categories:Completed
I received an additional letter for Reindl Properties. Thank you!
Devin Howland, CEcD
Director
Economic Vitality
113 W. Mountain Street
City of Fayetteville, AR 72701
T 479.575.8221
Website
1
November 3, 2023
Re: Letter of Support
Ladies and Gentlemen:
We are writing this letter to express our support for the hotel project proposed by Reindl Properties, Inc.
in the Cultural Arts Corridor Civic Plaza. This groundbreaking development, the first of its kind in
downtown Fayetteville in over four decades, perfectly aligns with our vision of fostering intelligent and
inevitable growth in the city and the wider Northwest Arkansas region.
This project showcases a multitude of features that will greatly benefit our community, including a
rooftop bar and pool, state-of-the-art conference and meeting spaces, and a restaurant. Moreover, the
project's plans ensure convenient public access and a seamless transition from the street to the hotel's
amenities, which makes this project a public asset.
The introduction of this unique, soft-branded hotel will allow for the integration of local arts and cultural
vibrancy into the fabric of its design and offerings. By doing so, it will highlight Fayetteville's rich cultural
heritage and assets. It is precisely these cultural assets that have heavily influenced our decision to invest
in Fayetteville.
Fayetteville's cultural assets, ranging from its remarkable history and diverse population to its vibrant
arts and music scene, form the foundation of its progressive identity. These assets not only contribute to
the city's distinctive character but also play a crucial role in driving its social and economic vitality. These
cultural assets, together with the resources of the University of Arkansas, foster a community that
blends creativity and innovation to form a vibrant community.
Fayetteville's flourishing entrepreneurial ecosystem will capitalize on these cultural and intellectual
resources. These elements create a symbiotic relationship, where cultural assets inspire innovation and
the city's progressive policies ensure their sustained prosperity. In our opinion, it is this cycle of
inspiration and support that makes Fayetteville an ever-evolving and dynamic city.
We firmly believe that this project will prove to be a significant asset not only to the City of Fayetteville
but also to the entire Northwest Arkansas region.
Sincerely,
Matthew R. Zakaras
South Cato Springs Holdings, LLC
Cato Springs Development Project, Fayetteville, AR