Meridian is adding to the spate of hotels under construction in the Treasure Valley, as the four-story My Place Economy Extended Stay broke ground in August at 3050 Jewel St. near Village at Meridian.
The 85-room My Place, which will include a store and in-room kitchens, is the growing brand’s second slated to open in Idaho in early 2017. The chain, which operates on a franchising model, has 25 hotels and plans for 18 more in the near future, including one in Twin Falls. The project is valued at $7 million, said David Pretorius, on of four Atlanta partners in the company controlling the hotel, MP Meridian LLC.
Pretorius said that the partners have had their eye on Meridian since 2003 and were in the process of buying property when the recession hit in 2008. They walked away from that project, but through group remained interested, in part because they struggled to book hotel rooms whenever they visited.
One of the owners, Aaron Lawson, has decades of experience in the hospitality industry and has been involved with 23 hotels under various flags, Pretorius said. Lawson is planning to move to Eagle to oversee the project, Pretorius said.
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“We are not absentee owners,” Pretorius said. “We don’t believe in investing in a project and remotely controlling it. We believe in boots on the ground.”