Nice article in the N&O about some hotels, the Winston’s want to bring to Raleigh.
RALEIGH – Winston Hotels wants to bring another tall tower to downtown – one that could rise 25 stories and feature two hotels and hundreds of condominiums on an entire city block.
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Winston’s plan to include two hotels from two chains in one building is part of a strategy to take on two emerging, diverging sectors of downtown’s hospitality landscape: boutique and business class. It attempts to do so in two merging sections of downtown: Fayetteville Street and the Glenwood South entertainment district. It’s on the one-acre block bounded by Hillsborough, Edenton, West and Harrington streets, where weathered, one- and two-story buildings now sit.
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The project will also include a 120-room Hampton Inn, which is expected to attract visitors who like uniformity in services and amenities – stuff big chains are known for.
“But it will have a little more panache than a typical highway Hampton,” said Winston Hotels CEO Bob Winston.
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Plans for 200 to 250 condominiums are still fluid. Construction is expected to begin in early 2008 and wrap up two years later. By then, the housing market could change radically.
“We think now it makes sense to do the condos,” Winston said. “But we’re flexible about that.”
With the condos, the tower would rise 22 to 25 stories high. Without the condos, the project would stand half as tall.
Location
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