Hotel Carmichael expansion
Summary
The city-owned hotel is growing from 120 to 180 rooms with double the meeting space — and the city isn't paying for it. The city's stake gains about $5 million in value and its loan guarantee drops from $23 million to about $10 million.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Discussed at 2 meetings in the last 60 days; most recently Sep 21, 2026.
Impact analysis
No new city money goes in; the city's guarantee drops from $23 million to about $10 million and its stake gains ~$5 million in value.
Taxpayers get reduced risk and a bigger stake, plus a hotel better able to serve Palladium events and visitors.
Mentions & discussions (2)
City Council Meeting - Sep 21, 2026
The redevelopment commission approved a deal that grows the Hotel Carmichael from 120 to 180 rooms, adds $5 million to the city's equity stake without city money, and cuts the city's debt guarantee in half — with a possible city buyout possible after 2029.
Carmel Redevelopment Commission - Sep 16, 2026
The city-owned hotel is growing from 120 to 180 rooms with double the meeting space — and the city isn't paying for it. The city's stake gains about $5 million in value and its loan guarantee drops from $23 million to about $10 million.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
The weekly brief for Carmel
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.