Mount Washington
Mount Washington, KY · Real Estate
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Lexington Herald-Leader
Kentucky landmark sold: What's next for Frankfort's Capital Plaza Hotel
A Central Kentucky landmark is about to get a major makeover after 40 years. The Capital Plaza Hotel on Wilkinson Boulevard announced that it is now under new ownership with a multimillion-dollar renovation in the works. Franklin DevCo, which was organized in 2024 by Georget T. Underhill III, purchased the hotel in December 2024 for $7 million. The 163-room property will be renovated using $33 million in industrial revenue bonds issued through Franklin County and the Franklin County school system. The property also has been awarded a potential $7.5 million in historic tax credits as well as $1.4 million in state tourism tax incentives, according to a spokesperson. The hotel is planning a spring 2027 debut. The update will include a multilevel penthouse, a new grand ballroom and about 25,000 square feet of meeting and event space, according to a news release. The project also will include two new restaurants and a lobby bar. “We know people in Frankfort have a personal connection to this hotel, and we take that responsibility seriously,” said Colin Underhill, representing Franklin DevCo, in a statement. “Our focus is on getting the details right and making improvements that people will appreciate for years to come.
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lanereport.com
Northern Kentucky home sales decline in October as prices and inventory rise
FLORENCE, Ky. — Northern Kentucky’s housing market saw fewer home sales in October, even as prices and available inventory continued to climb, according to the Northern Kentucky Association of REALTORS and the Northern Kentucky Multiple Listing Service. Closed sales fell 14.8% to 473 in October, compared with 555...
WUKY
Downtown Lexington hotels could soon charge extra fee to help promote tourism
The proposal would create what's known as a tourism improvement district, which would use an extra two percent fee to bolster marketing efforts for the city. Ameet Patel with the Thoroughbred Hospitality Group described how it would work during the council's work session Tuesday. "The idea of it is fairly...