CWLP spokeswoman Amber Sabin said in an e-mail the current lease for the property is $1 a year through 2034. She said the payment works out to $1 because of the way the original property was subdivided and subleased through CWLP.<\/p>\n
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Conference center goes first<\/strong><\/p>\n Erkmann said Prehn Plaza is liquidating remaining furnishings and cleaning up the 84-room property. Demolition of the conference center portion of the hotel should begin in a month.<\/p>\n He said the plan is to use the front section for the extended-stay hotel, with a 75-room limited-service hotel behind it.<\/p>\n \u201cIt (the conference center) has served its time. The new products are in limited service. That\u2019s where the market is right now,\u201d said Erkmann. He said the hotel will not have food, a restaurant or indoor pool.<\/p>\n But he said an agreement is near with a national brand for the limited-service property. The site also adjoins a Bob Evans restaurant. He said the group has not yet decided whether to seek a franchise for the extended-stay hotel.<\/p>\n Erkmann said the group decided to part ways with the previous management company, Atlanta-based Longhouse Hospitality.<\/p>\n \u201cThey changed their plans. \u2026 We mutually agreed to terminate their lease,\u201d said Erkmann.<\/p>\n \u00a0<\/p>\n Economy a factor<\/strong><\/p>\n \u201cIt was a combination. The economy was such that it just didn\u2019t make since to keep operating, nor did it make sense for us to make the investment to make it viable,\u201d said Dave Carley, executive vice president of Longhouse Hospitality.<\/p>\n Carley said he believes a hotel can be restored at the busy intersection, but that it was not in Longhouse\u2019s long-term plans.<\/p>\n Gene Rupnik, owner of a Day\u2019s Inn on the same corner of Dirksen Parkway and Stevenson Drive, said there are signs of revival in the travel industry. But he said it remains one of the most difficult periods of his more than 30 years in the business.<\/p>\n \u201cIt\u2019s been down for two years, but since last September it\u2019s as though the entire country quit traveling,\u201d said Rupnik, who also owns the Microtel Inn & Suites on Dirksen Parkway.<\/p>\n \u201cWe talk to so many people who are out of jobs and worried about their jobs, and they\u2019re holding on to their money,\u201d he said.<\/p>\n Rupnik said a stretch of businesses along the south side of Stevenson Drive, including the Day\u2019s Inn, are on CWLP property. He said the fact the land is owned by a city utility should not be a significant factor in restoring and marketing the old Signature Inn.<\/p>\n \u00a0<\/p>\n Tim Landis can be reached at 788-1536.<\/p>\n \u00a0<\/p>\n Hotel businesses at 3090 Stevenson Drive<\/strong><\/p>\n * 1969 — Sheraton Inn-Springfield opens at Stevenson Drive and the Route 66 Bypass (later Dirksen Parkway); estimated cost $1.8 million<\/p>\n * 1991 — Affiliates with Best Western International<\/p>\n * 1997 — Converts to Signature Inn<\/p>\n \u00a0<\/p>\n Source: State Journal-Register archives<\/em><\/p>\n \u00a0<\/p>\n<\/p>\n Read the original article from The State Journal-Register<\/a>.<\/p>\n Distributed via Chicago Press Release Services<\/a><\/p>\n \u00a0 The former Signature Inn of Springfield will become two hotels \u2014 one an extended stay and the other limited service \u2014 once a major renovation is completed later this year, the president of the ownership company said Tuesday. \u00a0 The inn at 3090 Stevenson Drive, which is on property owned by City Water, Light […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-381794","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/381794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=381794"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/381794\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=381794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=381794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=381794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/img><\/a>
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