The following summation is from a Gazette.net news article by Katherine Heerbrandt

According to a viability study released by Crossroads Consulting, hotel developers should at least consider investing in a downtown hotel. According to a 2012 study, Frederick could support a full-service hotel and 15,000 square feet of meeting space. As reported: “The hotel is expected to generate an estimated 280 jobs, $16 million in direct spending, $9 million in personal earnings and $1.9 million in state and local taxes.”

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Tags: City of Frederick, commercial real estate, development, investment real estate, maryland

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