Charlotte’s Center City Marriott Was Just Sold For Over $152 Million

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Charlotte’s Center City Marriott has just been sold for a little over $152 million.

The 446-room hotel at 100 W. Trade St. was sold by Marriott Hotel Services Inc. to CWI 2 Charlotte Hotel LP, a Real Estate Investment Trust (REIT) of W.P. Carey (NYSE:WPC) – a company that focuses on buying an holding high-end and unique hotel properties around the country (WPC currently owns over $1.5 billion worth of properties in mostly southern states).

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The property was purchased by Marriott Hotel Services for $111 million in 2013.

Over the past year they undertook an extensive $40 million renovation and upgrade to the property, overhauling the rooms and amenities, and adding some truly unique features, including;

Charlotte’s now popular Coco and The Director:

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The new Stoke Restaurant and Lounge:

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and the exclusive M Club Lounge for Marriott gold and platinum members:

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According to Talib McDowell, Director of Guest Experiences, “the unprecedented renovations at the Center City Marriott, have made the hotel one of brand’s flagship properties, as well as a prototype for many one-of-a-kind technological concepts, including Marriott’s first automated check-in process”:

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all photos were taken by Scott Jensen

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