By: Nick ZwinggiSeptember 29, 2021

Tygart Hotel Project on Track to Begin Reconstruction in Early 2022

Key partners and investors meet at Tygart property to discuss plans for the iconic and historic Elkins property.

[09.29.2021] A group of local business owners, nonprofit organization leaders, and government officials gathered at the Tygart Hotel Wednesday to discuss ideas, hopes, and the current status of the rehabilitation of Elkins’ largest residential building. Driven by loans and investment from the state and dedicated local banks like Davis Trust Company, Freedom Bank, and Pendleton Community Bank, and led by Woodlands Development and Lending the $16-million-dollar project will result in the historic building once again becoming a boutique hotel serving the families, institutions, and burgeoning recreational tourism economy of the region.

The Tygart Hotel building was built in 1907 and hosted many famous visitors over its years as the Hotel Gassaway, later renamed the Hotel Tygart. The proposed redesign hopes to capture the beauty and character of both the old building and the Elkins region today, as well as preserve stories and mementos from its long history.

Project architect, Mills Group, of Morgantown was on hand to present current plans and ideas for the interior design of the new Tygart Hotel. The team is actively immersed in designing plans for the rooms and lobby at this time and are soliciting community feedback and insights.

Taylor Hospitality, a leading regional hospitality management company based out of Lexington, VA is preparing to take over operations of the hotel once the rehabilitation is completed. CEO Sean Taylor told the group at the Tygart that his team, “won’t market the hotel, they will market the town.” Taylor Hospitality sees the Tygart project as crucial catalyst for the growing popularity of Randolph County and the surrounding region and an opportunity to raise the profile of the entire community, and all the surrounding businesses.

Woodlands Development & Lending’s Executive Director Dave Clark announced that financing for the project will be completed in early 2022, with the anticipated 18-month construction period beginning in the spring. Preparations for construction are already underway inside as crews remove fittings, furniture, and debris remaining from the building’s recent use as an apartment building.

Stories

Golden Rule Saved

Many of our housing and development projects are quiet, neighborhood projects that don’t demand much coverage in the press but the Golden Rule project in Belington, WV caught the ...

Read More
News

Invest Appalachia Announces $19M in New Funding

Invest Appalachia (IA) has announced $19M of new investment in a fund to provide capital to community economic development projects. Focused on increasing investment in Appalachia overall, 90% of ...

Read More
Stories

How To Make a Big Impact with Small Lending

Carla and Jason Kaposy felt compelled to make an investment that could be pivotal in spurring economic development in their hometown of Petersburg, a Mon Forest Town in Grant ...

Read More
Stories

Clementine’s Cantina and the Rebirth of Elkins’ Downtown Business District

by Ana Lucia Ubalde Immersed among century-old brick-exposed storefronts on Davis Avenue, Clementine’s Cantina stands out with its bright white exterior and bold orange details, creating a fresh presence ...

Read More
News

New Artist Business Development Seminar Series Coming Soon: Paint it Black

We are excited to announce the second phase of our Lost Towns project: a seminar series designed to encourage and support artists in turning their craft into successful businesses. ...

Read More
News

Community Banks Provide Key Investments to Push Tygart Hotel Project Forward

Historic Tax Credit investments close financing gaps on Elkins’ big hotel project Tygart Hotel partners Pendleton Community Bank, Davis Trust Company, and Freedom Bank gathered on Friday, April 29th ...

Read More