(Cincinnati) -- The Bartlett Building, at 4th and Walnut, has been around since 1901, and has been empty since 2010.  Now it's home to Downtown's newest hotel.

Marriott has cut the ribbon on the Renaissance Cincinnati Downtown, after spending about $50 million on the renovations.  The City of Cincinnati did not participate in the funding, according to Acting City Manager Scott Stiles, but did approve a 12-year tax abatement.

Mayor John Cranley says developers approached the City years ago, proposing to turn the Bartlett Building into a hotel.  He says they were told, Downtown already had too many hotels.  Now he says, it's time to let the market decide, and the opening of the Renaissance shows Cincinnati is on a rising tide.

Dan Lincoln, with the Convention and Visitors Bureau says with the opening, there are now about 3,500 hotel rooms in the Downtown Market.

The Renaissance features a restaurant, named for Daniel Burnham, the Chicago architect who designed the original 18-story building.  It also has more than 14,000 square feet of meeting space, a ballroom, and a workout room.