Idaho Falls Hotel Completion In Sight
The Marriott Residence Inn in Idaho Falls has lost funding and has been tied up in court, but less than three months ago, it finally gained the financial backing it needs to get construction up and moving again and could be open as early as June of this year, according to one of the owners.
After years of boarded up windows and exposed pipes, the five-story hotel nestled right on the Snake River has another shot at completion.
Taylor Woodbury, with Woodbury Strategic Partners, joined with developer Roland Walker a year ago to untie the building financially.
“We funded the initial settlement and then procured bank financing and were able to get the project back up and running,” said Woodbury.
Now construction is well under way, although you may not see it from just a drive by on Broadway Avenue.
Don’t let the beautiful exterior of the hotel deceive you — it’s only 60 percent done and most of the work will be on the interior.
On Monday, Woodbury took reporter Jessica Crandall on a tour of the hotel, which he said will have 108 rooms – all designed for long-term visitors.
“We are in the guest tower right now and as you can see, we’ve got most of the utilities in here. We’re ready to start throwing up some drywall and start finishing off this floor,” said Woodbury.
Guest rooms each come with a kitchen and some with a fireplace.
“It’s above your typical hotel,” said Woodbury.
One of the most unique features of the hotel is a full-sized pool with a hot tub designed to seat 20 people.
“I think people are really going to be impressed when they see what’s been created here,” said Woodbury.
As for the building sitting idle since the recession hit in 2008? This was Woodbury’s answer.
“We’ve had to repair large sections of the roof, but it’s all things you’d expect in a building that’s sat here for years,” he said.
The Woodburys’ company is based out of Salt Lake City, Utah. Taylor Woodbury said it was an easy decision to invest in this property, which is so close to home.
Three years ago, several sub-contractors filed millions in liens against original owner Roland Walker when the recession hit and stalled construction.
