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ROCKBRIDGE PARTNERS ACQUIRES $45 MILLION IN LAND, HOTELS AND OFFICE SPACE

ROCKY MOUNT, N.C. — RockBridge Partners LLC has acquired a 461-room, four-hotel portfolio, the 31,933-square-foot mixed-use Gateway Center and a 4.57-acre parcel of land, all located in an area 1 mile east of I-95 off U.S. 64 in Rocky Mount, for $45.9 million. The hotels will be managed by Atlanta-based Hospitality Ventures and include a 168-room Holiday Inn, a 78-room Residence Inn, a 90-room Courtyard by Marriott and a 125-room Comfort Inn. The Holiday Inn is undergoing a $6.5 million transformation into a 166-room Doubletree, and the other three hotels will receive $2 million in renovations.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
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‣ Walker & Dunlop

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