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Oct. 19, 2006 at 4:06pm

No news from Winthrop Hotel group

No news has been forthcoming from the Quigg/Trabucco camp regarding meeting today's due diligence deadline to purchase the Winthrop from AF Evans. Sounds like their still in negotiations  and an annoucement will be made at the regular 6am Monday meeting.

There's also a somewhat disheartening article in today's Tacoma Weekly (thanks Jake!) concerning hotel rennovation. Seems the cost of transforming rooms suitable for a 4-star hotel might be "30 to 40 percent more" according to the article. The only other possible gloom comes from the following snippet:

Evans still has an option to purchase the building, which expires Oct. 28. [Ryan Petty, director of the Community and Economic Development Department] Petty said Evans still appears set on buying the building.

Mayor Bill Baarsma speculated that Evans is not as excited by this prospect as they once were.

Still, the Mayor seems optimistic that if Coast Hotels is still interested the hotel project will move forward.

Stay tuned for more after Monday's meeting. For now, head over to the Tacoma Daily Index to check out photos from inside the Winthrop (once there, search for "winthrop") or read about the Winthrop's last grand re-opening as new affordable housing.

posted by Kevin under af evans, quigg, restore, tacoma, trabucco, winthrop hotel