Some high profile Kentucky business and sports figures have signed on as partners in the 21c Museum Hotel in Lexington.
The Louisville-based boutique hotel chain, founded by Laura Lee Brown and Steve Wilson, announced Thursday that Alltech president Pearse Lyons, attorney and real estate developer Brent Rice, real estate developer Pat Madden, former University of Kentucky and NFL football player Tim Couch, Meridian Wealth Management president Greg Couch, Dixiana Farms owner Bill Shively and businessman Ron Kirk have invested in the hotel.
According to the release, 21c Museum Hotels LLC remains the majority owner of the project. No dollar figure was given for the partners' investments.
Downtown's historic Fayette National Bank building is undergoing a $43 million renovation to transform the Main Street building into an 88-room hotel with 8,500 square feet of contemporary art exhibition space, and a restaurant and lounge.
Sign Up and Save
Get six months of free digital access to the Lexington Herald-Leader
The hotel is expected to open by the end of the year.
"Having strong local partners who also believe that art can be an economic driver for urban revitalization aids in the success of our hotels," said Craig Greenberg, president of 21c Museum Hotels, in a statement.