Newport Approves $20M Hotel Project

During a special meeting last week, Newport City Commission approved an agreement with hotel operator Shaun Pan — the owner and operator of a riverfront Hampton Inn & Suites — to redevelop the block bordered by Monmouth, York, Fourth and Fifth streets.

The development agreement calls for the developer to spend $20 million by October 2025, as well as outlines the responsibilities of the city and the developer.