Real estate in Greater Cincinnati is booming. Here at The Enquirer, we aim to bring you in-depth real estate coverage about the developments and neighborhood issues you care about the most. Going Up is a series that introduces you to the need-to-know projects around the region.
The basics of the Newport Residence Inn by Marriott
Address: 412 Central Ave., Newport, Ky.
Building type: Seven-story, 131-room Residence Inn by Marriott with adjoining structured parking.
Owner/developer: Newport Lodging Partners LLP / Keystone Hotel Group (Subhas Patel) / Stonehenge Building Group.
Size: 131 hotel rooms.
Cost: Not disclosed.
What to know about the Newport Residence Inn
A Cincinnati-based developer is bringing a new Residence Inn by Marriott to a vacant parcel in the heart of Newport.
Subhas Patel, principal at Keystone Hotel Group, is leading the project, which will include a seven-story hotel and an elevated parking deck.
The site sits east of the roundabout connecting Kentucky Route 9, West Third Street, West Fourth Street and Ovation Way, directly south of Corporex’s Ovation development.
The project is not receiving city incentives such as a tax abatement or tax increment financing. Construction is well underway, with completion and opening set for the first half of 2027.
Stonehenge Building Group is serving as the general contractor. The development team did not disclose the architect or total project cost.
What else is happening nearby?
Keystone leads the hotel boom in Greater Cincinnati
Keystone Hotel Group’s growing portfolio includes more than a dozen properties across the region, including another Residence Inn in Mason that is similar in design to the hotel going up in Newport.
The Newport location is Keystone’s first project in the city.
“We’re excited to be developing a hotel in Newport with all the growth there is there,’’ Patel told The Enquirer, citing the Ovation development, Newport on the Levee and other nearby attractions. “We’re happy to have a great brand and a great facility in a great location.”
In addition, the firm recently opened a Home2 Suites at Oakley Station and is redeveloping the former Chong Building in downtown Cincinnati into another Home2 Suites.
This article originally appeared on Cincinnati Enquirer: Newport’s hotel scene expands with Residence Inn | Going Up
Reporting by Randy Tucker, Cincinnati Enquirer / Cincinnati Enquirer
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