{"id":1004053568,"date":"2011-12-19T12:25:33","date_gmt":"2011-12-19T20:25:33","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=28240"},"modified":"2022-12-09T02:24:39","modified_gmt":"2022-12-09T10:24:39","slug":"brownstone-hotel-rebranded-as-doubletree-more-leasable-space-on-flexible-terms-in-the-triangle-area","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brownstone-hotel-rebranded-as-doubletree-more-leasable-space-on-flexible-terms-in-the-triangle-area\/","title":{"rendered":"Brownstone Hotel Rebranded As DoubleTree; More Leasable Space on Flexible Terms in the Triangle Area"},"content":{"rendered":"<p>By Liviu Oltean, Associate Editor<\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/12\/Courtesy-of-Duke-Realty.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-28250\" title=\"The CapTrust Tower\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/12\/Courtesy-of-Duke-Realty.png\" alt=\"\" width=\"300\" height=\"236\" \/><\/a>The Brownstone Hotel located at the corner of Hillsborough Street and Cox Avenue has been rebranded as a Doubletree by Hilton.\u00a0The hotel\u00a0has\u00a0been\u00a0managed under the Holiday Inn aegis for the past nine years.<\/p>\n<p>The rebranding comes after a $4.6 million renovation, which entailed the extensive refurbishment of the interior and the exterior of the lodging property. Developed in 1966, the Brownstone Hotel features 190 rooms, 15,000 square feet of meeting space and a 7,850-square-foot ballroom, the <em>Triangle Business Journal<\/em> reports.<\/p>\n<p>The Brownstone Hotel belongs to MHI Hospitality Corporation, which owns and operates a portfolio that includes up-scale and mid-scale hotels in the Mid-Atlantic, Midwest and Southeastern United States. Day-to-day operations of the hotel are run by Chesapeake Hospitality of Greenbelt, which also manages the Comfort Inn in north Raleigh.<\/p>\n<p>In other news, an increasing number of landlords in the Triangle areas has started to lease space on flexible terms in the economic downturn, according to the <em>Newsobserver<\/em>.<\/p>\n<p>Regus PLS, a worldwide provider of accommodation in business centers, will soon occupy 14,000 square feet of space in the CapTrust Tower; a 17-story mixed-use tower owned by Duke and Kane Realty. The property\u00a0features 275,000 square feet of leasable office space.<\/p>\n<p>Regus will offer the opportunity to individuals and small businesses to rent offices for as low as $400. Donna Scott, RVP with Regus, said that the company\u2019s business plan facilitates the access of small entrepreneurs in a work environment otherwise exclusively dedicated to medium and large companies.<\/p>\n<p>Jeff Sheehan, SVP with Duke Realty in Morrisville, added that there are numerous requests from companies that are interested in small office spaces in the CapTrust Tower.<\/p>\n<p>Employing a similar management strategy, the Wilmoore Lofts located at 223 S. Wilmington St. boasts about 3,000 square feet of flexible work space. With a price range that varies from $495 to $695 per month, the offices at the Wilmoore Lofts feature fax lines, wireless Internet and a conference room.<\/p>\n<p><em>Image courtesy of Duke Realty<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Liviu Oltean, Associate Editor<br \/>\nThe Brownstone Hotel located at the corner of Hillsborough Street and Cox Avenue has been rebranded as a Doubletree by Hilton.\u00a0The hotel\u00a0has\u00a0been\u00a0managed under the Holiday Inn aegis for the past nine years.<br \/>\nThe rebranding comes after a [&#8230;]<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1604],"tags":[],"class_list":["post-1004053568","post","type-post","status-publish","format-standard","hentry","category-latest","category-raleigh-durham"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Brownstone Hotel Rebranded As DoubleTree; More Leasable Space on Flexible Terms in the Triangle Area - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/brownstone-hotel-rebranded-as-doubletree-more-leasable-space-on-flexible-terms-in-the-triangle-area\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brownstone Hotel Rebranded As DoubleTree; More Leasable Space on Flexible Terms in the Triangle Area\" \/>\n<meta property=\"og:description\" content=\"By Liviu Oltean, Associate Editor The Brownstone Hotel located at the corner of Hillsborough Street and Cox Avenue has been rebranded as a Doubletree by Hilton.\u00a0The hotel\u00a0has\u00a0been\u00a0managed under the Holiday Inn aegis for the past nine years. The rebranding comes after a [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brownstone-hotel-rebranded-as-doubletree-more-leasable-space-on-flexible-terms-in-the-triangle-area\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-12-19T20:25:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:24:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/12\/Courtesy-of-Duke-Realty.png\" \/>\n<meta name=\"author\" content=\"Liviu Oltean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brownstone-hotel-rebranded-as-doubletree-more-leasable-space-on-flexible-terms-in-the-triangle-area\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brownstone-hotel-rebranded-as-doubletree-more-leasable-space-on-flexible-terms-in-the-triangle-area\\\/\"},\"author\":{\"name\":\"Liviu Oltean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/a12696609e74785a9cb5f8f7eae8bbd0\"},\"headline\":\"Brownstone Hotel Rebranded As DoubleTree; 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