{"id":1004140861,"date":"2016-04-01T04:43:50","date_gmt":"2016-04-01T12:43:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004140861"},"modified":"2020-04-15T21:40:03","modified_gmt":"2020-04-16T05:40:03","slug":"cornerstone-spectrum-properties-to-build-kimpton-hotel-in-charlotte","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cornerstone-spectrum-properties-to-build-kimpton-hotel-in-charlotte\/","title":{"rendered":"Cornerstone, Spectrum Properties to Build Kimpton Hotel in Charlotte"},"content":{"rendered":"<p><em>By Adelina Osan, Associate Editor<\/em><\/p>\n<p><strong>Charlotte, N.C.<\/strong>\u2014<a href=\"https:\/\/www.cornerstoneadvisers.com\/\" target=\"_blank\" rel=\"nofollow\">Cornerstone Real Estate Advisers<\/a> and <a href=\"https:\/\/www.spectrum-properties.com\/\" target=\"_blank\" rel=\"nofollow\">Spectrum Properties<\/a> recently announced the development of a 17-story, 217-room lifestyle hotel in <a href=\"https:\/\/www.commercialsearch.com\/news\/charlotte\/\" target=\"_blank\" rel=\"nofollow\">uptown Charlotte<\/a>. Spectrum Properties will develop the new hotel, which is\u00a0scheduled for completion by October 2017. The hotel will be managed by Kimpton Hotels, which <a href=\"https:\/\/www.ihgplc.com\/\" target=\"_blank\" rel=\"nofollow\">Intercontinental Hotels Grou<\/a>p acquired in 2015.<\/p>\n<div id=\"attachment_1004140862\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/300-South-Tryon.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004140862\" data-attachment-id=\"1004140862\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cornerstone-spectrum-properties-to-build-kimpton-hotel-in-charlotte\/r_com102m-102-133230-spectrum-300-south-tryondrawingsarch_\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/300-South-Tryon.jpg\" data-orig-size=\"605,330\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;djholman&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;R:_COM102M-102-133230 Spectrum 300 South TryonDrawingsARCH_&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"300 South Tryon\" data-image-description=\"&lt;p&gt;300 South Tryon&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;300 South Tryon&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/300-South-Tryon.jpg?w=605\" class=\"wp-image-1004140862 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/300-South-Tryon.jpg\" alt=\"300 South Tryon\" width=\"300\" height=\"164\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/300-South-Tryon.jpg 605w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/300-South-Tryon.jpg?resize=300,164 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004140862\" class=\"wp-caption-text\">300 South Tryon<\/p><\/div>\n<p>Located at the corner of Third and Church Streets, the <a href=\"https:\/\/www.commercialsearch.com\/news\/development\/\" target=\"_blank\">new development<\/a> will complement the previously announced <a href=\"https:\/\/www.commercialsearch.com\/news\/spectrum-properties-to-build-leed-gold-office-tower-in-uptown-charlotte-2\/\" target=\"_blank\">300 South Tryon<\/a>, a 25-story, 600,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/office\/\" target=\"_blank\">office building<\/a> at Third and Tryon.\u00a0The hotel will feature guestrooms with high-end design, a fitness center, 9,200 square feet of flexible meeting space, a 4,000-square-foot ballroom, five conference rooms, a signature 180-seat restaurant and a partially open-air 7,500-square-foot, 160-seat rooftop lounge overlooking Romare Bearden Park.<\/p>\n<p>&#8220;Charlotte has evolved remarkably in the past decade. The development of the Kimpton Hotel, with its expansive views of BB&amp;T Ballpark, Romare Bearden Park and the city skyline will be another great attraction for local residents and business and leisure visitors. The quality of the hotel architecture, the thoughtful interior design and features, such as the rooftop lounge, will make it an instant attraction in uptown Charlotte,\u201d said Tom Finke, CEO of Babson Capital, Cornerstone&#8217;s parent company, in prepared remarks.<\/p>\n<p>\u201cCornerstone is making a significant investment in Charlotte, and we are thankful for that. We are also thankful for city leaders such as Michael Smith, our City Council, and our County Commission for creating a vibrant downtown that attracts this quality of investment,\u201d said Jim Dulin, chairman of Spectrum.<\/p>\n<p><em>Image courtesy of\u00a0Spectrum Properties<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new Kimpton Hotel in uptown Charlotte will complement the 25-story office building 300 South Tryon.  <\/p>\n","protected":false},"author":735,"featured_media":1004140862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21743,21751,21742],"tags":[],"class_list":["post-1004140861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-deals","category-hotel","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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