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The Suburbanite
  • Three new hotels planned for I-77/Faircrest interchange

  • A developer will go forward with a plan to build two hotels – with a third hotel planned by a separate company – at the Interstate-77 and Faircrest Street interchange.

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  • Increased interstate traffic from the oil and gas industry is prompting two developers to build three hotels at the Interstate 77 and Faircrest Street SW interchange.
    Corporex Capital plans to build a 100-unit Fairfield Inn and a 105-unit Candlewood Suites, according to Canton Development Director Fonda Williams. The company’s original plans were to wait a year to build the second hotel, he said Friday, but those plans changed recently.
    New Dawn Development plans to construct a 73-unit Best Western Plus there, he added.
    The hotels will be located to the northeast of the interchange, where there is a gas station and two fast food restaurants. A Pilot Flying J truck stop is being built across the street at the former site of Gulliver’s 77 Truck Stop.
    “We feel it’s a growing exit,” New Dawn Development owner Daniel Hershberger said. “It’s relatively green at the time. There’s a new truck stop going in and it’s pretty well positioned to accommodate the development with oil and gas.”
    The projects could create between 120 and 140 construction jobs, Williams said, and there will be another 75 permanent jobs once the hotels open. The city does not yet know how much income tax revenue the projects could be bring.
    Williams said Corporex Capital’s total investment is estimated at $24 million. Williams submitted requests Friday to City Council for 10-year, 75-percent tax abatements for the developers. One request will be amended to reflect Corporex Capital’s new plans.
    “They are now of the belief they should do both now,” he said.
    Corporex Capital officials could not be reached Friday for comment.
    Hershberger declined to give the estimated project cost of his project but said he’s planning for retail stores and new restaurants on the 45-acre site. Only 3.11 acres will be used for the hotel.
    SHALE PLAY
    Hershberger cited the land’s proximity to the Mills Business Park, the Marathon Petroleum Refinery and the Timken Co. as factors driving the decision to develop the land, which he’s owned since 1999. He explored similar options 10 years ago but the timing wasn’t right.
    Williams said the location is ideal because it sits between many corporate offices for new oil and gas companies and drilling sites south of Stark County.
    “The Utica shale play is a little south of Canton and with 77 and Faircrest being right there, the developers think it’s a great area to capture people coming into town,” Williams said. “The other thing is we don’t have a lot of available land. Those parcels are available and were available. They are getting ready to invest some decent capital.”
    John Kiste, executive director of the Canton Stark County Convention & Visitors Bureau, said it’s unusual to see three hotels locate in a similar area at one time. Most of the area’s hotels are north of the city, from Plain Township through Green at the Akron-Canton Airport. Hotels are popping up further south in Carrollton, Strasburg and New Philadelphia.
    Page 2 of 2 - “It’s exciting because there are a lot of people in various industries, particularly oil and gas, that are coming to a crossroads there,” Kiste said. “They’re coming from Tuscarawas County; They’re coming from Carroll County. So that’s an ideal spot. They need to put some restaurants and other things there.”
    Reach Matthew at 330-580-8527 or matthew.rink@cantonrep.com.
    On Twitter: @mrinkREP