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FRIDAY, DECEMBER 22, 2006
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Luxury hotel planned for downtown Birmingham

BIRMINGHAM (AP) — A 200-room high-end hotel is set to top off the $70 million development planned for the former Federal Reserve site in downtown Birmingham.

Coral Springs, Fla.-based Vantage Hospitality Group's Lexington Collection intends to put a four-star hotel in the top eight floors of the 18-story office and hotel tower slated for the corner of Fourth Avenue North and 18th Street, Lexington CEO Steve Belmonte said.

Innworks Inc., of Roseville, Minn., is to manage the project and is working with developers to design the hotel.

Savannah, Ga.-based Melaver Inc. is planning a $20 million renovation of the vintage 1926 Federal Reserve building and annex on Fifth Avenue North. The company will put another $50 million into the new office and hotel tower and parking deck. The current plans for the project include space for offices, restaurants, shops, a spa and executive condominiums.

The entire development will comply with environmental standards.

Copyright 2005 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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