Commercial real estate development company Kerioth Corporation is proposing to build a bayfront six-story, 132-room Homewood Suites by Hilton hotel at 801 E. Gregory Street in Pensacola, Florida. The developers applied to build 21 parking spaces in public right-of-way on 13th Avenue and DeLeon Street for the exclusive use of the hotel under a city license to use (LTU) agreement. Kerioth Corporation will spend about $250,000 to upgrade the few existing parking spaces and build new ones on top of the more than $30 million it will invest in the hotel. The hotel developers must still win approval on the aesthetic design of the hotel from the Planning Board before the project moves forward.
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