WESTON, Florida—Officers of 1754 Properties introduced the acquisition of the Marriott Winston‑Salem, a 319-room full-service property situated in downtown Winston‑Salem, for an undisclosed quantity. Hospitality Ventures Administration Group (HVMG) will proceed to function the lodge.
“Winston-Salem is a diversified, dynamic, and rising neighborhood that advantages from robust demand mills and a rising variety of guests,” mentioned Joe Smith, managing companion of 1754 Properties. “We stay up for working with neighborhood leaders to assist solidify Winston Salem’s place out there because the go-to vacation spot for southeastern vacationers searching for a novel keep and a particular expertise.”
The Marriott Winston‑Salem is situated close to quite a few universities, together with Wake Forest College and the College of North Carolina, in addition to the a million sq. foot Innovation Quarter, 200-plus workplace buildings, and company headquarters akin to Reynolds American Inc, Hanes, AON, BB&T, Pepsi, Krispy Kreme, and Jet Zero. The pet-friendly lodge additionally affords direct entry to the Benton Conference Middle through a climate-controlled walkway.
Lodge facilities embrace greater than 14,000 sq. toes of its personal assembly house, an indoor swimming pool, a 24/7 health middle, and digital check-in. Friends could dine at Butcher & Bull.
1754 Properties plans to speculate over $5 million within the lodge to improve the assembly house, hallways, and infrastructure.
“We’ve been within the North Carolina marketplace for a while, and the Marriott Winston Salem was the right alternative to accumulate a well-performing asset in an impossible-to-replicate location that has very optimistic financial tendencies and a vibrant metropolis,” mentioned Marcos Casillas, managing director, 1754 Properties. “Following the completion of the upcoming renovation, the lodge will regain ‘like-new’ standing, making it the perfect selection for enterprise and leisure vacationers to the world.”
