Construction is set to begin in October for the new 72-room Courtyard Marriott hotel that will sit between, S. Superior, S. Clinton, W. Porter and W. Center streets.
The hotel will serve as the centerpiece for a downtown renaissance that the college is proud to share in.
Financed by Saginaw doctor Sam Shaheen, '88, it's believed the new hotel will help revitalize the downtown and provide a place for College parents, guests and visitors to stay during school events.
Shaheen said talks about a downtown hotel have been ongoing since 2010, but it was the impetus of College President Mauri Ditzler that finally moved the project off the drawing board.
"This is about family," Shaheen said at the May groundbreaking. "We believe in what this means to the City, the College and the citizens of Albion."
Jerry White, Albion's vice president of finance and administration, said the College has made a $4 million investment from the school's endowment. In addition, a $1 million Michigan Economic Development Corporation grant will be used to help fund the project. All told, the hotel will cost between $7-9 million and is slated for completion by the spring of 2018.