First Vermont Cambria to open in 2021

The Burlington, Vt., Cambria will include a rooftop bar and restaurant, multifunction meeting space and a fitness center. Photo credit: Choice Hotels International

Hospitality Funding and TQP Capital Partners will develop Cambria Hotels’ first Vermont location. Hostmark Hospitality Group will operate the 142-rooom hotel, opening in Burlington in 2021.

The hotel will feature a rooftop bar and restaurant overlooking Lake Champlain, multifunction meeting space and a fitness center. Located near the heart of Burlington, it will be in walking distance of the University of Vermont, the UVM Medical Center, Champlain College and The Church Street Marketplace. Housed in the former Greater Burlington YMCA, the hotel will preserve the building’s historic façade.

"Choice Hotels' experience in cultivating developer relationships and the resources they provide helped lay the groundwork for our agreement," Scott Silver, chairman/CEO, Hospitality Funding, said in a statement. "My roots in Vermont and Burlington, as well as collaboration with the Greater Burlington YMCA, give me great insight into the sense of community here. The unique blend of a bustling metropolis and the coziness of a tucked-away town sealed the deal for the development of this Cambria Hotel."


Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Suggested Articles

After six months as EVP/chief accounting officer, Peery will replace Rachael Rothman as the REIT's EVP/CFO.

Should all of 2020's scheduled hotels come online as planned, China will open the most new rooms next year since the cyclical peak in 2014.

The luxury goods company is set to acquire Tiffany & Co. in a deal worth $16.2 billion.