|USDA RURAL DEVELOPMENT PROVIDES FINANCING FOR NEW HOTEL|
|Hampton Inn & Suites, Marksville, LA received a $7.5 million loan guarantee for the construction of a new hotel in Avoyelles Parish.|
|Marksville, May 27, 2011
@@USDA Rural Development State Director, Clarence W. Hawkins, Bank of Montgomery and local officials will celebrate the Grand Opening of the Hampton Inn & Suites located in Marksville, Louisiana. Thomas G. Christopoulos DBA Hampton Inn & Suites, Marksville, LA received a $7.5 million loan guarantee for the construction of a new hotel in Avoyelles Parish.
"We will continue to increase economic opportunities and improve the quality of life for our rural communities throughout the state," said Hawkins.
USDA Rural Development funds were used to purchase land and construct the hotel. This is a 76 room hotel with a commercial grade pool, hot tub and sauna. The hotel is situated directly across from the main entrance to the Paragon Casino and Resort, which is located on Highway 1, one mile south of Marksville.
USDA Rural Development invests in jobs, infrastructure, homeownership and affordable rental housing in rural communities.
USDA Rural Development’s mission is to increase economic opportunity and improve the quality of life for rural residents. The Louisiana USDA Rural Development Business and Cooperative Programs are located at the State Office in Alexandria. USDA Rural Development provides a full range of rural development credit services in rural Louisiana. The Louisiana USDA Rural Development State Office is located at 3727 Government Street, Alexandria, Louisiana 71302, and the telephone number is (318) 473-7920. There are four area offices located throughout the state to serve Louisiana residents. Further information on USDA Rural Development’s loan and grant programs can be obtained by visiting USDA Rural Development’s website at: http://www.rurdev.usda.gov/la .
USDA Rural Development is an equal opportunity lender, provider, and employer. Complaints of discrimination should be sent to: USDA, Director, Office of Civil Rights, Washington, DC 20250-9140.