b'RESIDENTIAL HOSPITALITYReNew Wichita, 240 residential units Hilton Garden Inn, 127 roomsRESIDENTIAL RESURGENCEThe residential market has grown exponentially over the last 10 years through the development of 21 new properties. The Project Downtown market analysis conducted by Zimmerman/Volk Associates provided invaluable information to the market needs for downtown living options with a focus on adaptive reuse projects. The conversions of warehouses and historic buildings into urban lofts and apartments mixed with new construction projects have added 1,228 units to the core. The Downtown Wichita organization commissioned Zimmerman/Volk Associates to provide an updated analysis of the downtown multi-familyThe Finn Lofts, completed in 2010 residential market in 2014 and again in 2018.21 17 1,228 17 93% 17NEW PROPERTIES NEW UNITS INCREASE IN UNITSHOSPITALITY FOR EVERY LIFESTYLEWhen Project Downtown launched in 2010, the hospitality market analysis found that downtown hotels maintain higher occupancies and outpaced options available in other corners of the city. The analysis also showed that more hospitality options were needed in the downtown area and spurred substantial improvements to three of the four existing hotels, Drury Plaza Broadview Hotel, Courtyard by Marriott, Hyatt Regency and Hotel Old Town. Over the last decade, the Fairfield Inn & Suites by Marriott (131 rooms in 2011) the Ambassador Hotel (117 rooms in 2012) and the Hilton Garden Inn (127 rooms in 2020) were added for a total of 375 new rooms. The Ambassador Hotel, completed in 20123 17 375 17 50% 17HOTELS COMPLETED NEW ROOMS INCREASE IN ROOMS5 INTRO'