Sharmin Hotels is opening two new hotels in a 19-story building in Richmond, Va.
A 100-room Homewood Suites opened in the building Monday, and a 144-room Hampton Inn & Suites is opening at the end of January. When the hotel is fully operational by mid-February, the property is expected to include a rooftop bar/restaurant and fitness center.
The $40-million projected included the acquisition, construction and renovation of the property. Historic tax credits were not factored into the money spent.