FAMILY SELLS ITALIAN RESTAURANT AND 79-ROOM HOTEL

CHAPEL HILL, N.C. — The Longiotti family has sold the 79-room Siena Hotel and the adjacent Il Palio Ristorante to a private buyer for an undisclosed amount. The $8 million property is located at 1505 E. Franklin St. in Chapel Hill. Raleigh, N.C.-based Plaza Associates represented the seller.