The City of Fredericksburg and the University of Mary Washington Foundation received a Community Economic Development Award from the Virginia Economic Development Association for the Hyatt Place-Fredericksburg Hotel at Eagle Village creative financing partnership.

Fredericksburg’s City Council approved a $310,000 Tourism Zone performance grant for the hotel in 2011, UMW said in a press release. The city and the UMW Foundation worked with the Virginia Tourism Corporation (VTC) to secure a $310,000 state matching grant through the Virginia Tourism Development Financing Program…[Read More]