Madras: Inn at the Cross Keys
The Madras Redevelopment Commission (MRC) identified the need for an additional hotel in downtown Madras. The MRC sought a developer to construct an aesthetically pleasing 60 + room hotel that included a covered entry way, pool, and public meeting room.
Funding/Leverage
- $525,000 performance based grant
- $4,175,000 private investment
- $4,700,000 Total Investment
Community Benefits
- Approximately 15 new employees
- $4,175,000 of additional tax assessed value to Urban Renewal District
- Hotel accommodates additional tourism lodging demands in Central Oregon
- Many seminars, meetings, and events are held in the public meeting room each year
- Approximately 50,000 in transient room tax
