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The Best Western Plus Bolivar Hotel & Suites is now open for business.
Photo provided by Best Western Plus Bolivar Hotel & Suites
The Best Western Plus Bolivar Hotel & Suites is now open for business.

Officials expect hefty economic impact via new Bolivar hotel

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Officials have predicted a large economic impact will be brought on by the recently opened Best Western Plus Bolivar Hotel & Suites.

The operators of the 777 E. San Martin St. hotel are planning a Friday grand opening, according to a news release. The roughly $4 million, 61-room hotel opened to guests last month, according to a Facebook post.

The hotel developed by Bolivar-based Pinecone Holdings LLC resides in owner Thane Kifer’s mixed-use development dubbed The Vineyard, near Southwest Baptist University. Kifer’s son Drew, managing director of Pinecone Holdings, previously told Springfield Business Journal the estimated economic impact is $30 million for the hotel’s first 15 years. A portion of hotel sales taxes will be earmarked to repay Pinecone for making infrastructure improvements in The Vineyard.

“Joining Best Western was an easy decision to make as the brand is well known and respected for its high standards and superior customer care,” Thane Kifer said in the release. “As a proud Bolivar native, I’m thrilled to see my vision of giving Bolivar one more thing to be proud of come to life.”

O’Reilly Hospitality Management LLC, which was hired to manage the property, in February promoted Chris Rozier to general manager of the Bolivar hotel. He previously worked as front office manager of TownePlace Suites by Marriott in Springfield.

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