JEFFERSONVILLE — Growler USA soon will have a new neighbor in Bridgepointe Commons — an $11 million, 85-room Fairfield Inn and Suites by Marriott.

Buyer Jeffersonville Hotel One Partners and seller Iron Street Partners closed Tuesday afternoon on a land parcel in the new mixed-use development that will serve as home to the new hotel.

Construction is slated for a summer 2020 completion.

The property is at 3000 Gottbrath Parkway. The hotel site is 2.056 acres to the southeast of Growler USA, said Brandon Denton of Denton Floyd Real Estate Group/Iron Street Partners.

The new hotel alone will generate $330,000 in new tax revenue yearly for the city, said Jeffersonville Mayor Mike Moore.

The city will donate 10 percent — $33,000 — of that revenue to Greater Clark County Schools yearly, he added.

"Everybody wins with this," he said.

Currently, Growler stands alone in the development off 10th Street, just north of the double roundabout.

However, this year will be one of transformation for the development. In addition to the construction of the new Fairfield hotel, work on a new strip center featuring a Heine Brothers' Coffee will start in the next 30 to 45 days, he said.

Additionally, a new state-of-the art movie theater complex is slated to serve as the crown jewel of Bridgepointe Commons. Denton said the theater is expected to open by spring 2020.

To ensure the area's infrastructure keeps pace with the progress, Denton said the extension of Gottbrath Parkway to Utica Sellersburg Road will be completed this year as well.

"We are very excited about the recent announcements regarding our Bridgepointe Commons development," Denton said.

"We are grateful to be a large part of the economic boom that Jeffersonville as a whole is currently experiencing. There will be even more announcements to come over the next several months, so stay tuned."

Moore said residents may not realize the benefits a new hotel brings to the city. In addition to it being a large revenue provider, a hotel brings in guests who, in turn, spend money in the community at restaurants, stores and other businesses, he said.

Even more, the mayor added, the more guests staying in Jeffersonville means more people are learning about the city and what it has to offer.

The new hotel "starts a positive domino effect for us,” Moore said.