A Greensboro-based company that owns and operates hotels has purchased a parcel of property at 39 Elm St. The location is next to the 51 Grill on Merrimon Avenue, and is known to many as the old location of a Steak and Ale restaurant. More recently, is was La Caterina Trattoria restaurant.
Asheville Property Inc. paid $600,000 to Asheville Habitat for Humanity for the lot on July 11, according to property records. Asheville Property Inc.’s registered agent is Jayesh Patel, 2011 Veasley Street, Greensboro, according to the N.C. Secretary of State.
A search on that address shows it is home to CN Hotels Inc. More:
Headquartered in Greensboro, NC, CN Hotels, Inc. is a privately owned fully integrated hotel ownership, development and operating company. Established in 1994, CN Hotels, Inc. now owns a portfolio of high quality hotels throughout NC & FL with brand affiliations with Best Western International, Hilton, Marriott and Wyndham Hotels.
Image of property is from Google’s Street View of 39 Elm St., just off Merrimon Avenue.
It looks like the new hotel for this site will be a Fairfield Inn & Suites opening winter 2014 according to CN Hotels website. This information is listed on the Under Development tab.
And PARC will demand a park instead of any other development on the site in 5…4…3..
FWIW, the photo from Google is somewhat dated, as the building that used to sit there was long ago demolished.
It’s a terrible spot for retail. Condos or business offices maybe?
Need my coffee. Now I know what a hotelier is.
let the hand wringing begin …