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Paula C. Squires// June 28, 2016//
Virginia Hotel Partners LP has purchased 2.4 acres of land in Charlottesville for $1.4 million for the development of a 117-room Fairfield Inn and Suites by Marriott.
The company, a limited partnership based out of Kingston, Pa., expects to open the hotel in 2017. It would be part of a 100,000-square-foot, mixed-use William Taylor Plaza project that has been proposed by Southern Development.
According to CBRE|Charlottesville, the seller of the land was Cherry Avenue Investments LLC.
The site is located at the intersection of Cherry Avenue and Ridge Street.
CBRE’s Cass Kawecki and Carolyn Shears represented the seller while Leigh Hughes and Mason Graham represented the purchaser.
