From Brian Lockhart, CT Post:
It is taking far longer than initially stated, but John Guedes’ plan to renovate the shuttered downtown Holiday Inn into market-rate apartments is nearing completion, and the aim is to have tenants start to move in this summer.
“We’ve had some setbacks,” Guedes acknowledged in a recent interview. “We’re about 75 percent there.”
About six of the eight residential upper floors containing over 70 units–there will be 94 total–are finished and, Guedes said, he is finalizing a deal with an operator to re-open the ground floor restaurant/lounge/catering facility.
Occupancy could begin by July once the appropriate municipal sign-offs are obtained.
The local developer purchased Bridgeport’s only major hotel in early February 2022 for $6.5 million, after previous owners the Trefz family shut it down in January. They blamed the COVID-19 pandemic’s impact on the hospitality sector, although Guedes and others observed that business at the facility, which had been built in 1986, had already been suffering.
Full story here.