Ramada Inn, Geneva Lakefront
Chrisanntha, Inc. developed the Ramada Inn Geneva Lakefront, which opened in May, 1997. This six-story property has 148 guest rooms, full service restaurant and lounge, and a 300 seat banquet/conference facility, divisible into smaller conference rooms. The property enjoys an indoor pool and exercise room overlooking its lakeside patio, which hosts lunches and dinners, wedding receptions under a seasonal tent and the regionally popular, “Live After Five” summer happy-hour events with live music.
Chrisanntha, Inc.’s role in the development of the Geneva Lakefront Hotel included the following:
- Entered into a development agreement with the City of Geneva and the Geneva Industrial Development Agency for the acquisition and development of the lakefront site in a NY State designated Empire Zone with the attendant regulatory requirements.
- Undertook environmental investigations of the site with particular concerns over the historic lakefront fills and industrial uses of the site and their hazardous waste products.
- Enlisted a national hotel consultant to assess the local market need and financial feasibility, and subsequently to advise on the desired hotel design and amenities.
- Selected and hired architects and engineers to design a lakefront facility meeting the public and private needs for the development.
- Obtained municipal and utility permits and approvals required to complete construction of the project.
- Committed to local construction financing and a consortium of private and public, local and federal mortgage loans for the development.
- Solicited local equity investors to form the owner/operating partnership.
- Hired and supervised the managagement company responsible for daily operations.
- Completed construction of the Ramada Inn Geneva Lakefront Hotel on schedule for its May 1997 opening.
- The hotel/conference center project was designed and developed by Chrisanntha, Inc. and constructed by Iversen Construction Corp.
The architectural design reflects elements of the city’s historic brownstone townhouses in a contemporary setting on the lakefront. Ahead of the “green” technology wave, the property utilized its pile foundations to integrate ground-source heat pump loops that provide heat for the building and its hot water needs as well as cooling the building in summer, thereby reducing the property’s energy consumption.
Construction of the Ramada Inn – In the News:
Chrisanntha uses Ground for Heating & Cooling of Geneva Hotel. GENEVA – Someone looking at the lakefront hotel construction site might think it’s been invaded by large black snakes. All across the lot, black tubes poke several feet up from the ground and droop back toward the earth.
Christopher Iversen put much on the line when he proposed the idea for a lakefront hotel here about three years ago. To build at $13.3 million, 148-room Ramada Inn, he had to win the hearts, minds and money of 22 private investors, the National Bank of Geneva, community economic development planners and his own business and family, which pitched in $125,000 and their reputation. (The Finger Lakes Business Almanac. September 1997. Volume 3 No. 4)