Vision Hospitality officials have dropped plans for a boutique hotel with 80-90 rooms on a key riverfront parcel by the Walnut Street Bridge.
Mitch Patel said the Chattanooga-based hotel chain has moved on to concentrate on other projects.
Officials of Vision Hospitality last August had presented plans for the site at Walnut, Aquarium Way (Second) and Riverfront Parkway that was long in use for dentists offices.
Initial plans called for a six-story hotel with two floors of parking.
Entrances would have been off Walnut Street and Aquarium Way.
Drew Hibbard, director of investments for the Chattanooga-based firm, at the time said the hotel would likely include a plaza and fine dining restaurant near the bridge, which is one of the city's top visitor draws and a favorite of locals.
He said all parking would be by valet, and he said those handling the valet parking would provide added security for the area.
A swimming pool was shown at the rear. There may be a spa and art gallery, it was stated at the time.
Mr. Hibbard said the plan was to go before the Planning Commission in the fall of 2012.
Earlier, the hotel group filed a request for a Fairfield Inn at the site. But that was quickly shot down.
Vision Hospitality is the most active hotel building firm in the nation with eight projects in progress at the time of the meeting last August. This would have been the group's first boutique hotel.