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A pair of downtown Iowa City hotels are closing along with a popular bar and restaurant.<\/p>\n
HotelVetro<\/a> and Hotel Chauncey<\/a>, two downtown Iowa City hotels part of the Hilton Hotels brand and managed by HawkeyeHotels, will permanently close at the end of the month. HotelVetro was expected to close Monday, Nov. 24, followed by Hotel Chauncey on Sunday, Nov. 30.<\/p>\n SpareMe, an all-inclusive entertainment venue with a bowling alley, arcade, restaurant, and bar, is closing on Wednesday, Nov. 26, the company shared on its social media.<\/p>\n \u201cAfter 5+ years of business, we are beyond sad to say we are closing our doors,\u201d the post reads.<\/a> \u201cWe\u2019ve loved getting to know you. Thank you so very much for the community.\u201d<\/p>\n The three businesses are tennants of several foreclosed properties that went unsold at a sheriff\u2019s sale on Tuesday, Nov. 18.<\/a> GreenState Credit Union previously sued Marc and Monica Moen, Robert Jett and others over more than $20 million of unpaid mortgages in February.<\/a> The bank will continue to own the buildings.<\/p>\n GreenState Credit Union, which owns the foreclosed Plaza Towers, The Chauncey and Park@201 buildings, did not immediately respond to a request for comment.<\/p>\n It is unclear whether the closure of the two downtown hotel properties, which have 107 rooms combined, and SpareMe are due to the foreclosure. The Iowa City Press-Citizen reached out to the hotel managers, Hilton Hotels<\/a>, and HawkeyeHotels <\/a>for comment, but did not receive animmediate response.<\/p>\n More: <\/strong>Foreclosed Moen properties in Iowa City return to bank after failed sheriff’s sale<\/a><\/span><\/p>\n HotelVetro kicked off the hotel boom in Iowa City when it opened in 2005, helping the district become \u201cmore dense and walkable, constantly drawing more workers and visitors to the area,\u201d according to the Iowa City Downtown District<\/a>. Hotel Chauncey is one of the newest hotels in Iowa City, opening in 2019.<\/a><\/p>\n SpareMe will be open from 7 a.m. to 10 p.m. through Wednesday, Nov. 26, offering half-off food deals while supplies last.<\/p>\n More: <\/strong>‘Gateway’ project to add housing, retail at key Coralville intersection<\/a><\/span><\/p>\n Several other business call the three mixed-use, foreclosed buildings home, including Formosa<\/a>, a bar and restaraunt in the Plaza Towers as well as Fix! Coffee <\/a>and The Tuesday Agency<\/a> in the Chauncey building.<\/p>\n The businesses had not announced intentions to close as of 2 p.m., Monday, Nov. 24.<\/p>\n Fix! nor the Tuesday Agency, a “full-service lecture agency,” responded to a request for comment. Formosa opens at 4 p.m. on Mondays.<\/p>\nHotelVetro was a downtown Iowa City landmark for 20 years<\/strong><\/h2>\n
What is next for businesses in Iowa City\u2019s foreclosed mixed-use properties?<\/h2>\n