The old Cincinnati Enquirer building on Vine St. will get $27.3 million from Sree Hotels. (image courtesy of Ohio Office of Redevelopment.)

Seven years after the Cincinnati Center City Development Corporation embarked on its resuscitation of downtown’s signature Fountain Square, a vacant 86-year-old tower one block away is getting a $27.3 million makeover.

The former home of the Cincinnati Enquirer, the 14-story building will now house 12,000 square feet of street-level retail and a 238-room hotel. Once slated for condos, the limestone tower will instead be downtown’s fifth largest hotel, bringing the total number of rooms downtown to more than 3,000.

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