New boutique hotel breaks ground in the Murphy Arts District

Local News

(4/3/19) The Murphy Arts District keeps getting better and today officials broke ground on a new boutique hotel.

The Haywood Hotel is a $14 million project that is set to open in May 2020.

The four-story hotel will have 70 rooms and a full-service bar with limited food.

The new addition to the district will be an economic boost for El Dorado.

The Haywood will employ 20 people and host 22,000 overnight guests a year. 

It will generate an estimated $250,000 in annual sales tax revenue as well as at least $2.25 million in overall annual revenue.

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