Madras: Inn at the Cross Keys

Madras-Inn-at-Cross-Keys-Project-Sheet-Madras-Redevelopment

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

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