WESTON, Florida—Officers of 1754 Properties introduced the acquisition of the Marriott Winston‑Salem, a 319-room full-service property positioned in downtown Winston‑Salem, for an undisclosed quantity. Hospitality Ventures Administration Group (HVMG) will proceed to function the resort.
“Winston-Salem is a diversified, dynamic, and rising group that advantages from sturdy demand turbines and a rising variety of guests,” stated Joe Smith, managing associate of 1754 Properties. “We look ahead to working with group leaders to assist solidify Winston Salem’s place available in the market because the go-to vacation spot for southeastern vacationers on the lookout for a singular keep and a particular expertise.”
The Marriott Winston‑Salem is positioned 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 reminiscent of Reynolds American Inc, Hanes, AON, BB&T, Pepsi, Krispy Kreme, and Jet Zero. The pet-friendly resort additionally provides direct entry to the Benton Conference Heart by way of a climate-controlled walkway.
Resort facilities embody greater than 14,000 sq. toes of its personal assembly area, an indoor swimming pool, a 24/7 health heart, and digital check-in. Visitors could dine at Butcher & Bull.
1754 Properties plans to take a position over $5 million within the resort to improve the assembly area, hallways, and infrastructure.
“We’ve got been within the North Carolina marketplace for a while, and the Marriott Winston Salem was the proper alternative to amass a well-performing asset in an impossible-to-replicate location that has very optimistic financial tendencies and a vibrant metropolis,” stated Marcos Casillas, managing director, 1754 Properties. “Following the completion of the approaching renovation, the resort will regain ‘like-new’ standing, making it the perfect selection for enterprise and leisure vacationers to the realm.”
