A developer plans for a hotel conversion project at 432 Walnut St. in downtown, Cincinnati Ohio in a building which currently is vacant. It is expected to become a Kimpton hotel with a $50 million project cost. Parkes Development Group is rehabilitating the 15-story Traction Building. The developer has obtained state and federal historic tax credits for the project, which will build 147 hotel rooms along with a restaurant, fitness room, ballroom space and rooftop bar. The $12 million project is planned to include a 117-room hotel and parking garage. For more information on this and other upcoming hotel construction and renovation projects in the planning, design, pre-construction and construction phase including who is involved and their contact information and Preferred Vendor Directory please visit: HotelProjectLeads.com and subscribe today.