The city of Perry and the local investment group, Perry Economic Development Inc. (PEDI), are looking to partner in purchasing the Hotel Pattee, a plan discussed Thursday night at a work session of the Perry City Council.
Proponents say the new ownership arrangement, if successful, will ensure the stability and long-term sustainability of the hotel at the hub of the Perry economy and put an end to the ownership merry-go-round that has become a pattern since 2008, with four owners in 13 years.
Tom Maxwell, current owner of the Hotel Pattee and La Poste, approached local Perry realtor Bill Clark in May 2020 and asked his help in finding a buyer for the properties.