A Hyatt Place hotel is slated to open at NC State’s Centennial campus in mid-2015.The Hyatt Place hotel and conference center will be the first hotel for Centennial Campus and is among more than $280 million in new building projects that are either already underway or expected to be under construction before the end of the year.
via Triangle Business Journal
According to to the News & Observer, Oaktree Capital Management and Northview Hotel Group acquired the 353-room hotel last week for $20.236 million from the Gencom Group of Miami, which bought the hotel for $22 million in September 2006.
The new owners of the Sheraton Raleigh Hotel in downtown plan to make many major improvements to the property to give it a more urban feel. Some of the updates include updating the lobby, common areas as well as the 4,600 square foot restaurant space along Fayetteville Street.