ROCKBRIDGE ACQUIRES MARRIOTT HOTEL IN RALEIGH

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RALEIGH, N.C. — Rockbridge Partners has acquired the Raleigh Marriott Crabtree Valley, a six-story, 375-room hotel located in Raleigh. The hotel is located directly across from Crabtree Valley Mall. Rockbridge is planning a $23 million renovation to the hotel, which will involve improvements to guestrooms and bathrooms, a new 10,000-square-foot ballroom, a new patio terrace and pool and reconfigurations to the existing lobby and restaurant. Concord Hospitality will manage the hotel.

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