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Revitalization of Historic First National Bank Building

Sector: Hotel • Location: Andalusia, Alabama, United States

Source: Morningstar

Project
Planned

The Historic First National Bank Building in Andalusia, AL, is set to be transformed into The Andalusian Boutique Hotel through a $10.5 million New Markets Tax Credit allocation. This project aims to renovate the iconic structure, creating a stylish 58-room hotel and additional guest rooms in the adjacent Andala Building, contributing to the downtown revitalization efforts.

Status
Prospective
Sector
Hotel, Commercial
Location
Andalusia, Alabama, United States of America
Updated
22 Jul 2026
Source
Morningstar

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Project Information

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The project “Revitalization of Historic First National Bank Building” is an infrastructure initiative in the Hotel sector, located in Andalusia, Alabama, United States. Taiyo aggregates data on it from Morningstar.

Participants

Not available for this record.

Status

Original status

Planned

Taiyo status

Prospective

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

The Historic First National Bank Building in Andalusia, AL, is set to be transformed into The Andalusian Boutique Hotel through a $10.5 million New Markets Tax Credit allocation. This project aims to renovate the iconic structure, creating a stylish 58-room hotel and additional guest rooms in the adjacent Andala Building, contributing to the downtown revitalization efforts.

Budget

Location

Country

United States of America (USA)

State

Alabama

City

Andalusia

Source

Source

Morningstar

URL

More Details

Record type

Project

Sector

Hotel, Commercial

Article published date

2025-05-10

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