Westin Takes Over Downtown Raleigh Hotel

0:00It's March 31st. This is Durham News today, your AI-powered local news. A downtown Raleigh Hotel just changed hands for a steal, dropping 42% from its last sale price 11 years back. White lodging snapped up the 17th-story Sheraton near the convention center for about 27 million, $150,000. Way down from $47,850,000 in 2015. Now they are gearing up to flip it into a western with a full makeover. The Indiana-based company plans to upgrade all 353 rooms, revamp public spaces, add more meeting spots, and bring in fresh. Dining options. Jimmy Vasees, Osteria, and Barr already runs on the ground floor, and this marks White lodging's first spot in Raleigh. They manage around 60 properties. Nationwide, including the JW Marriott in Charlotte. Local leaders have been pushing hard for more hotel rooms around the convention center after it lost 45% of business from 2000.

1:0218 to 2020 due to shortages. Back then, Raleigh lagged behind cities like Tampa, Baltimore, and Nashville in walkable rooms. The hotel, built in 1982 right by Fayetteville Street City Plaza, saw ups and downs sold for $20,200,000 in. 2012, then doubled in price three years later. Meanwhile, a 401-room Marriott sits nearby, and an omnie is coming soon to boost capacity. This rebrand could finally help fill that gap, giving convention goers more options without trekking far, and signaling fresh energy for downtown. Raleigh's hotel sing.