YOUNGSTOWN - Youngstown may soon be home to a downtown hotel, a developer confirmed Thursday.
Developer Dominic Marchionda, president of Erie Terminal LLC, said the hotel will be located at the Stambaugh Building on Federal Plaza at Central Square, Tribune Chronicle newspartner WYTV reported.
He declined to release the name, but said more details, including architectural renderings, will be released in about a month.
A feasibility study on the project is expected to be finished this week. On Tuesday, Marchionda and business partner Michael Naffah announced they purchased the former Pig Iron Press building after successfully submitting the top bid at a sheriff's sale.
They said they have no specific plans for the property, which was foreclosed last year, Channel 33 reported.
Naffah Hospitality Group LLC owns and operates Hampton Inn and Suites in Canfield, the Shale Tavern and Grille in Lisbon, The Embassy banquet center in Boardman and Inner Circle Pizza in Canfield.
Marchionda renovated the former Erie Terminal into a 40-unit apartment building known as Erie Terminal Place.