CAPITOLA — Harkening back to a famous beachside resort not seen since 1929, owners of one of the village’s last undeveloped sites will seek city input Thursday on a proposal to build an 88-room hotel below Depot Hill.

Swenson Builders will reveal preliminary plans to construct a 58-foot-tall, five-story Spanish revival-style structure sitting atop an underground parking garage with 92 spaces and vehicle stacking. With the property situated in the heart of an area often heavily visited by pedestrian and vehicle traffic alike, the developer also is seeking permission to lease an additional 25 to 50 off-site parking spaces at the nearby village municipal parking lot.

The city Planning Commission and community members are being asked to offer the developer input on the proposal, which has not yet been formally submitted for approval. Swenson is waiting for the California Coastal Commission’s final approval of an update to the city’s zoning code, which would allow for a higher-density project at the 120 Monterey Ave. site, in exchange for a finding of public benefit by city leaders. Capitola’s 2014 general plan update specifically discusses creating incentives to encourage hotel construction on the property.

Per city regulations, the hotel would fall several feet below the top of the 63-foot bluff behind it. In exchange for the hotel’s increased density and height, the developer is proposing to build a second-floor public plaza adjacent to the hotel’s private pool area, with bathrooms and a lifeguard supply storage area.

The less-than-an-acre site hosted the Capitola Theater until it was demolished in 2010. The establishment opened in 1948 and ceased operations in 2005. Most recently, the property has served as a 26-space paid private parking lot. At the time the theater was torn down, a Swenson representative said the parking lot was a temporary use for the property, which the developer purchased in 2006, while owners finalized their proposal to build a hotel there.

Historically, the site was developed in 1894 by the F. A. Hinh Co. as a four-story, 160-room hotel and resort, which was reduced to ruins by a fire that broke out on the property Dec. 16, 1929. At its height, the “Hotel Capitola” featured a clubhouse, bowling alleys, a roof garden and cottages, plus an annex and bathing pavilion. The Swenson iteration could include a ground-level bar and lounge, and the facility is expected to offer a banquet hall, several conference rooms, a garden area, pool and fire pit area.

Not all Capitola residents are welcoming the proposal, with numerous people airing concerns on social media sites ahead of this week’s meeting about traffic congestion impacts, in particular. A fishing vacation booking site recently rated Capitola as one of the nation’s top “unspoiled vacation spots,” a ranking many locals said they wanted to fight to maintain. Other commenters said the project would benefit city coffers with increased tax revenue.

If you go

What: Capitola Planning Commission meeting.

When: 7 p.m. Thursday.

Where: Capitola City Hall, 420 Capitola Ave.

At issue: Proposed hotel in Capitola Village.