One coastal town in Eastern Carolina is reporting good economic news.
A new hotel is coming to Swansboro and is expected to bring more tourists and more dollars to local businesses.
According to a news release, the 98-room Hampton Inn will be built on Old Hammocks Beach Road, just of Highway 24, which is also considered West Corbett Avenue.
Swansboro Ventures is bringing the hotel to the area. It's hoped it will be up and running by the first part of 2011.
"We feel that Swansboro is a hidden jewel," said hotel developer John Sandlin, a principal in Swansboro Ventures whose own development company, Clarendon Properties, will actually manage the project's construction. "We fully believe that if we can get people there, they're going to come back."
According to Sandlin, the new hotel will be an $8,000,000 investment. He said he thought "the hotel's location would benefit from being within striking distance of Swansboro's attractive downtown waterfront area without interferring with the historic character of downtown."
"I cannot emphasize enough how helpful town leaders and people in the community have been in working with us," said Sandlin. "We have great investors and a great management team, and we are confident that this hotel will be a success."
"We are tremendously excited about the expected boost that we believe a quality hotel facility will bring to Swansboro," said Swansboro Mayor Scott Chadwick. "The availability of excellent accommodations will be a huge plus in the promotion of tourism and will help bring new customers to businesses throughout the community."
"The Town Board has undertaken numerous initiatives to improve community amenities and community appearance, and we feel that this great new project is part of the reward for those efforts," Mayor Chadwick added.
The Town has applied to the North Carolina Rural Center for a $120,000 grant to help fund the cost of water and sewer improvements needed to serve the hotel.
"The possibilities are just endless on how this will help our area because it will bring conferences, reunions, and businesses into our town that we would not normally get," observed Kay Smith, executive director of the Swansboro Area Chamber of Commerce.