Fayetteville, N.C. — The Hotel Prince Charles, which has been vacant for two years, has a new owner.
David Levinson, president of the Anderson Creek Club golf course community in Harnett County, purchased the historic building and wants to renovate it for condominiums and retail space.
Fayetteville officials deemed the Hotel Prince Charles unsafe for living in 2010, and New York developer John Chen, who owned the 87-year old building, planned to demolish it.
Chen later filed for bankruptcy to prevent a forced auction of the building, and Fayetteville officials tried to work out a way to put it to use again.
Mayor Tony Chavonne said Wednesday that a settlement was reached with Chen in bankruptcy court. Details of the settlement weren't available.
Built in 1926, the Hotel Prince Charles was the centerpiece of a bustling Fayetteville in its heyday, with its poetic quality, artfully designed columns and rooftop lamp posts.