The construction, which started in fall, will cost an estimated $40 million. The hotel, a 125-room Hilton Homewood Suites, and office complex are in the planning stages and comes with an additional investment of $45 million.
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Related: World-class entertainment venue centerpiece of Ovation Project
Related: Details, renderings of Newport Ovation revealed
The long-awaited Ovation project is a $1 billion, 25-acre mixed-use development that will include more than 900 residential units, restaurants, retail, hotels and offices in the west end of Newport in Campbell County.
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The hotel is being designed with skyline views, an expanded fitness area and two bars, one on the rooftop and another on the plaza level.
Permit drawings for the hotel and office building will be submitted to the city and county and Corporex hopes that construction can begin before the end of the year.