Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us

LinkedIn Facebook Twitter Instagram Get Our App

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Business Law
    • Commercial Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • Fantastic 50
    • Generous Virginians Project
    • Legal Elite
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Events
  • Lists
  • Awards
    • Legal Elite
    • CFO Awards
    • Best Meeting Planner
    • Big Book of Lists
    • Best Golf Courses

Advertisement

Header Primary Menu

  • Issues
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • Issues Archive
  • Industries
    • Banking/Finances
    • Business Law
    • Commercial Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • Fantastic 50
    • Generous Virginians Project
    • Legal Elite
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Events
  • Lists
  • Awards
    • Legal Elite
    • CFO Awards
    • Best Meeting Planner
    • Big Book of Lists
    • Best Golf Courses

Home News Regions Central Virginia Carr City Centers secures $25.8 million loan for boutique hotel in Charlottesville

Carr City Centers secures $25.8 million loan for boutique hotel in Charlottesville

Published August 29, 2016 by Paula C. Squires

Rendering courtesy of Carr City Centers

Carr City Centers, a mixed-use acquisition and development company, announced Monday that it secured a $25.8 million loan from SunTrust Bank. The funds will be used to construct a Marriott Autograph Collection luxury-boutique hotel in Charlottesville.

The new 10-story development will have 150 rooms and suites and will be located at 1106 W. Main St.

“This financing is a key step toward completion of the Marriott Autograph Collection Hotel, which enhances the city’s vision of creating a more vibrant West Main Street,” Austin Flajser, president of Carr City Centers, said in a statement.

The hotel, to be located next to the University of Virginia main campus and adjacent to the University Medical Center, is expected to create about 70 full-time jobs.

On-site amenities will include a restaurant, fitness center, 3,000 square feet of meeting space and a business center.

Donohoe Construction Co. will be the general contractor for the hotel. The company plans to begin work in the third quarter, with a scheduled opening in the fourth quarter of 2017.

Once development is complete, Donohoe Hospitality Services will manage the hotel’s day-to-day operations, while a joint venture between Carr City Centers and Donohoe will maintain ownership of the property.

Based in Washington, D.C., Carr City Centers is a privately held company that has developed more than 11 million square feet of office, retail, residential and hotel properties in Washington, D.C., and Northern Virginia. It has more than $600 million in hotel properties under asset management.

Advertisement

Advertisement

Trending

Truist Virginia regional presidents Camden, Lee and O'Neill

Truist names three Virginia regional bank presidents

100 People to Meet in 2020

Telly Tucker

Danville’s Telly Tucker will lead Arlington Economic Development

Wegmans distribution center to bring 700 jobs to Hanover

Jamestown-Yorktown Foundation executive director announces retirement

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2019 Virginia Business. All rights reserved.

Site by COLAB