The Union Hotel
As owners of B.C. Stone, Travis Collins and Rodney Bair have crafted marble and granite interiors in homes and buildings throughout the Mid-Atlantic Region. When clients have visited their headquarters in Everett, they’ve often struggled with the lack of fine dining and lodging options. So Travis and Rodney decided to apply their talents to The Union Hotel, Everett’s historic, long-shuttered 106-year-old centerpiece.
They turned immediately to The Progress Fund for financing, and got more than they bargained for. Not only did The Progress Fund lend $350,000, but the loan officer helped write a business plan and arranged another $140,000 in bank financing.
Travis and Rodney are rehabilitating the hotel to include an elegant restaurant and basement piano bar, three conference rooms, and 12 bedrooms. They plan on hiring 10 employees, and figure visitors will also patronize nearby businesses. “It’s going to be a really big step toward revitalizing the downtown,” Travis says. That seems set in stone.