Foster Supply transforms historic Newburgh buildings into $45 million hotel
Foster Supply is turning three Grand Street buildings into a 74-room hotel, putting a $45 million bet just steps from Broadway and the waterfront.
Foster Supply Hospitality's $45 million Newburgh project was running on schedule, with three historic Grand Street buildings being transformed into a hotel and event venue about a block from the downtown waterfront and steps from SUNY Orange and Broadway. The site sits in one of the city's most visible and economically important corridors, where a new overnight stay could send more people past nearby storefronts, restaurants and parking spaces.
The company says the hotel is coming in 2027. A June update put the project at 74 rooms, a $45.9 million price tag and a possible opening as soon as late 2027, after work broke ground in December.
The plan has been years in the making. Orange County said in December 2020 that Foster would put $20 million of private equity into the project, create up to 80 hotel rooms and restore century-old buildings. By August 2025, the Grand Street hospitality complex was being described as ready to go after five years of planning.
For downtown Newburgh, the stakes are practical. A hotel this close to Broadway and the waterfront could add foot traffic at lunch, dinner and weekend event times, while also changing parking demand and giving nearby small businesses a larger base of visitors. Newburgh Brewing Company, SUNY Orange and the blocks around Grand Street would be among the places most likely to feel the ripple effects if the rooms fill and guests spill out onto nearby streets.
Foster Supply has said the Newburgh hotel is its most ambitious project yet and that it bought three historic Newburgh buildings from the county, with plans to preserve the facades and as much of the interior as possible. That preservation push carries extra weight in a city where the Historical Society of Newburgh says the Continental Army had headquarters from April 1782 to late 1783. If the schedule holds, late 2027 will give Newburgh a concrete test of whether a long-promised redevelopment can finally show up in occupied rooms and a busier downtown.
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