Morehead Hotel Impact Analysis Morehead, Kentucky HSP completed a market, feasibility and impact study for the proposed Morehead Hotel. The project is proposed to be a newly constructed building consisting of approximately 115 rooms and 63,000 square feet. The building will sit on top of a parking garage with approximately 100 spaces. The overall project budget is estimated to be $25.7 million. The maximum KTDA program rebate allowed is 25 percent over ten years, meaning as much as $6.4 million. The Morehead Hotel is proposed to be branded as a Fairfield Inn, which falls under the Marriott family of brands. The hotel will be connected to the Morehead Conference Center, making it the only hotel within five minutes of the conference center facility. The anticipated amenities in

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