Raleigh council OKs sale of downtown hotel
Posted July 17, 2013
Raleigh, N.C. — The City Council voted unanimously Tuesday to back the sale of the Marriott City Center hotel, which is adjacent to the downtown conference center, to CWI Raleigh Hotel LLC.
Under an agreement with the city, the hotel’s current hotel, Noble Raleigh Associates LLC, is required to obtain city approval before it can assign leasehold interests to a new owner. Raleigh officials are endorsing the sale on the condition the new owner continues the hotel’s business arrangements under the terms of the agreement with the city.
Opened in 2008, the 17-story Marriott City Center has 400 guest rooms, a 9,000-square-foot grand ballroom, a junior ballroom, meeting rooms, a restaurant with outdoor dining and a pedestrian connector to allow guests to move back and forth between the hotel and the convention center.