Hotelier buys property on outskirts of downtown Asheville

Jason Sandford September 1, 2012

Jason Sandford is a reporter, writer, blogger and photographer interested in all things Asheville.

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.

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Jason Sandford

Jason Sandford is a reporter, writer, blogger and photographer interested in all things Asheville.

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9 Comments

Pingback: Patel buys second parcel of downtown Asheville property along Patton Avenue
Woodlenz August 18, 2013

It now appears that the open date and hotel brand has changed.

http://www.cnhotels.net/development.html

TownePlace Suites by Marriott
Downtown Asheville, NC
Opening 2015
Guest Rooms: 95

Reply
1. Jason Sandford August 19, 2013
  
  Thanks for this.
  
  Reply
Woodlenz May 12, 2013

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.

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hauntedheadnc September 3, 2012

And PARC will demand a park instead of any other development on the site in 5…4…3..

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ThePhan September 3, 2012

FWIW, the photo from Google is somewhat dated, as the building that used to sit there was long ago demolished.

Reply
Orbit DVD September 2, 2012

It’s a terrible spot for retail. Condos or business offices maybe?

Reply
1. Orbit DVD September 2, 2012
  
  Need my coffee. Now I know what a hotelier is.
  
  Reply
Jeff Murphy September 1, 2012

let the hand wringing begin …

Reply