Economic incentives approved for new Pinehurst Resort hotel :: WRAL.com
Pinehurst, North Carolina – Pinehurst Resort has a new boutique hotel.
County and village chiefs on Tuesday approved economic incentive deals for the new hotel, giving the green light to the proposed capital investment of $ 16.2 million.
Detailed plans have yet to be released, but we do know it will be on the Pinehurst Resort campus and will offer 36 rooms.
Tom Pashley, president of Pinehurst Resort, told county leaders the hotel was a second part of the USGA’s overall vision for investing in a second headquarters in Pinehurst.
The USGA is expected to generate at least $ 800 million in economic benefits for the state over the next 10 years; employ at least 35 new positions and 50 positions in total, with an average annual salary of $ 80,000; in addition to hosting periodic championships in Pinehurst and other locations across the state.
The plans were unveiled last fall, a business decision Pashley described as an “unprecedented achievement” for Moore County that will generate decades of positive local economic impacts.
The new resort hotel will likely mean more golf tournaments will take place in Pinehurst in the future, as the USGA has declared its intention to name the Donald Ross masterpiece course as the primary anchor site for the future US Open championships.