Artist rendering of Southport development. Image courtesy SECO Development.

Artist rendering of Southport development. Image courtesy SECO Development.

In 2017, Renton will be home to a four-star Hyatt Regency hotel.

The hotel will be part of Seco Development’s Southport project, Seco announced Tuesday at a large, VIP-filled gathering held at its south Lake Washington site.

The 12-story hotel is under construction just 2.5 miles from the Seattle Seahawks’ Virginia Mason Athletic Center and 9 miles from Seattle-Tacoma International Airport. It will be the closest four-star hotel to Sea-Tac and will feature nearly 350 rooms, 43,000 square feet of conference space, a spa, a lakefront restaurant and bar, and a rooftop terrace.

The Southport development  already has three residential buildings, and three office buildings with 725,000 square feet of Class A office space are under development. Those buildings will be LEED-certified and wired for fiber optic Internet. Additionally, there will be 10,390 square feet of ground-floor retail space.

Southport is a 17.5-acre development located between Gene Coulon Park and the Boeing Renton plant on the shores of Lake Washington, just north of The Landing. Seco purchased the property from Puget Sound Energy in 1999 and has been working with Renton to ensure the $570 million development is a draw for residents and visitors alike.

“Luxury hotel accommodations are a matter of location, design, view, access, amenities and market need,” CEO Michael Christ said in a statement. “Seattle rivals the top U.S. destinations in quality of life, culture, and investment opportunities. We expect an unprecedented response from leisure and business travelers to Seattle.”

Renton Mayor Denis Law said at the September press event that developers would be hard pressed to find a better location for a hotel. The Hyatt will be located 11 miles south of downtown Seattle and 7 miles south of Bellevue near I-405, and adjacent to a port deep enough to receive luxury yachts.

“This hotel is a game changer for Renton,” Law said. “It’s going to be not only an opportunity to add new jobs to the community, but it’s going to connect people to Renton who are not aware what the city has to offer. Once constructed, this Hyatt Regency hotel will serve as a critical catalyst for the emerging South Lake Washington neighborhood. This new development will have a positive impact on our region’s employment base as well as demand for business services, tourism, and convention business.”

More than 2,300 people are employed to construct the hotel, temporarily making the project the second-largest employer in Renton, between Boeing (14,428 employees) and Valley Medical Center (2,267 employees). After construction is complete, the hotel will employ approximately 300 people.

The conference center and accompanying hotel rooms could draw customers away from Bellevue, a city that’s notoriously short on beds for business travelers and convention goers. But multiple hotels are under construction in Bellevue, including a swanky W hotel.

Seattle might not be the fastest-growing city in the country any more, but it is still in the top five and growing by some 15,000 people per year. As Seattle continues to grow, its suburbs, such as Renton, Kirkland, and Bothell, are continuing to grow as well.

This story was edited to correct the number of people that will be employed by Hyatt Regency after construction is completed.