Danville announces Hyatt Studios project as fourth NMTC-backed CDE investment

The City of Danville announced on April 1, 2026 that a Hyatt Studios hotel project is moving forward in the River District as the city's fourth investment structured through a Community Development Entity financing path.

City materials describe the package as a New Markets Tax Credit-aligned deal intended to attract private capital in an eligible tract while supporting new jobs and additional visitor-serving capacity near downtown redevelopment areas.

For Danville businesses and residents, the project expands the local lodging pipeline and signals continued use of layered public-private financing tools to accelerate River District development.

City officials indicated the project timeline and partner commitments are part of a broader tourism and economic-development strategy, with further construction and operations milestones expected in follow-up updates.

Source: Reporting based on City of Danville News Flash item "City announces Hyatt Studios hotel project, fourth Community Development Entity investment" (posted April 1, 2026), Danville News Flash detail.