Lots of downtown hotel work underway or proposed--at least before the Covid-19 shutdown. I wouldn't be surprised to see a few proposal victims before it's said and done.
Historic renovation of hotels well underway and expected to be completed this year:
Surety Hotel- $40 million, 140 room Boutique hotel by Aparium Group. Converting the Midland Building from Class C office space to a high-end hotel with a restaurant/lounge.
The Hotel Fort Des Moines is downtown's historic grand dame hotel that is seeing a $50 million renovation and will carry the Hilton Curio Collection flag. A total of 4 new restaurants and bar spaces will be opened up on the ground level, including an upscale steakhouse named after the building's original architects. Should be completed later this summer.
This hotel project was just announced in March, which seemed like odd timing, but the developer is still making moves that advance the project through the city review processes.
It's a $60 million proposal to convert the first 13 floors of the Financial Center (white boxy highrise) to a 190 room higher-end line of hotel, but the flag has not yet been announced. The owners of the building are looking to repurpose the space as office occupancy in the building has waned after Wells Fargo recently left leased space for owne- occupied space in Downtown Des Moines. The remaining floors would remain leaseable office space.
These DT hotel proposals are new construction and would seem to me to be less sure bets at this point, but nothing has been publicly confirmed about the proposals since the craziness started.
112-room Element Hotel
98-room Tru by Hilton Hotel- on the fringe of downtown in a rapidly redevelping former brownfield site.