Winston Hotels Buys Land Parcel in Downtown Raleigh, Plans to Build Two Hotels in Mixed-use Development
120-room Hampton Inn and Suites, 80-room aloft Slated for Project
Winston Hotels, Inc. (NYSE: WXH), a real estate investment trust (REIT) and owner of premium limited-service, upscale extended-stay and full-service hotels, today announced that it has purchased a 0.73-acre vacant site in downtown Raleigh, N.C. located at the corner of Hillsborough and West Street on which it plans to build a high-rise, mixed-use development that will include a 120-room Hampton Inn and Suites, an 80-room aloft hotel and approximately 5,000 square feet of retail and restaurant space. The high-rise may also include up to 250 residential condominiums. Plans are expected to be finalized this summer. Pending city planning, permitting and other required government approvals, construction is expected to begin in the 2008 first quarter.
Logos, product and company names mentioned are the property of their respective owners.
- Winston Hotels Announces Termination of Contract to Acquire Tribeca Hilton Garden Inn
- Winston Hotels Announces Opening of Hilton Garden Inn in Wilmington, N.C.
- Winston Hotels Agrees to be Acquired by Inland American Real Estate Trust, Inc.
- Winston Hotels Agrees to be Acquired by Wilbur Acquisition Holding Company, LLC
- Winston Hotels Reports Third Quarter 2006 Results
- Luxury Collection Hotels & Resorts Coming in Australia
- Chartres Lodging Group Completes Purchase of Novotel New York Times Square
- The Biggest Loser Resort – Niagara to Open May, 2012
- Upscale Arizona Resort Joins Wyndham Portfolio
- Atlific Hotels To Manage Canada’S First Element By Westin Hotel In Vaughan, Ontario
