City Amends 57 East Broad Hotel Development Agreement

Newnan is amending its intergovernmental agreement with the Downtown Development Authority for the 57 East Broad Street hotel project, updating terms to accommodate Red Hills Hospitality Management LLC or another hotel developer. The amendment extends the agreement to June 30, 2027, and revises lease and purchase option provisions, including a $2.4 million credit for hotel site infrastructure work tied to future bond financing.

Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

Through June 30, 2027, with potential extensions per amended IGA framework

Renewal date

2027-06-30

Renewal

Original IGA dated July 23, 2025; this first amendment extends the IGA term to June 30, 2027, and modifies purchase option pricing and lease commencement; further extensions would require additional amendments.

Document type

AgendaPacket

Source document

City of Newnan Agenda Packet 2026-06-16

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Newnan?

Red Hills Hospitality Management Llc was awarded this government contract by City of Newnan, as recorded on June 16, 2026.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Newnan Agenda Packet 2026-06-16 (AgendaPacket), dated June 16, 2026 from City of Newnan. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Red Hills Hospitality Management Llc hold?

Red Hills Hospitality Management Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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