Investors look to revive Herring Hotel
AMARILLO, TX (KFDA) - The owner of the Herring Hotel in downtown Amarillo confirmed with NewsChannel10 that he is now talking with several investors who want to restore the building to a hotel once again.
Robert Goodrich plans to formally announce the renovation in the next few weeks.
In an interview Wednesday, councilman Brian Eades confirmed the project and said plans for the hotel include retail space, a smaller hotel with boutiques and grand ballrooms and multiple condos for sale on the higher floors.
"They're right now only in the initial planning phases," said Eades. "They're going to have to remove a bunch of walls. I had the opportunity to look at the plans. They're still trying to put their financing model together and that's by no means a done deal, but there are a lot of local investors who are potentially interested in helping them do that."
Goodrich bought the Herring Hotel as an investment opportunity in 1988. He presented several restoration ideas to developers and city leaders during his time of ownership, all of which remained only that -- an idea.
To help with the costs of potential renovation, Goodrich submitted an application to the Tax Increment Reinvestment Zone in the early part of the decade, a board created to provide assistance to downtown development interests. The board tabled Goodrich's request for years, and denied it in full in 2015.
Built in the 1920s, the Herring Hotel comprises 14 floors and has approximately 200,000 square feet of floor space.
Once a grand establishment for tourists, the hotel closed its doors for overnight stays in 1966 and began housing several federal government offices. Those offices, too, were abandoned during the '70s, and the hotel has remained vacant ever since.
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