New Hotels in/around Uptown

[Blue_Devil]

41 minutes ago, gsutton5 said:

What’s the status of the intercontinental hotel? There seems be be constriction of a glass structure below. What about the hotel?

Hotel is on hold, but I thought there was some talk on it getting restarted @KJHburg

[KJHburg]

2 hours ago, Blue_Devil said:

Hotel is on hold, but I thought there was some talk on it getting restarted @KJHburg

I have not heard anything recently but will ask around.

[DonkeyKong]

Seems  like Truist would want to  help get this thing going.   It would be an ideal location and place to stay for their out of town  business guests. 

[CLT2014]

12 minutes ago, DonkeyKong said:

Seems  like Truist would want to  help get this thing going.   It would be an ideal location and place to stay for their out of town  business guests. 

Knowing Truist, they probably put their employees visiting Charlotte up in the Holiday Inn to save $. 

Edited July 22, 2022 by CLT2014

[rancenc]

Based on this recent article from Axios, the Moxy Hotel seems to be back on track!

https://charlotte.axios.com/303466/charlotte-hotels-are-rebounding/

[RANYC]

3 hours ago, rancenc said:

Based on this recent article from Axios, the Moxy Hotel seems to be back on track!

https://charlotte.axios.com/303466/charlotte-hotels-are-rebounding/

Moxy just received a land development permit, then will have a building permit soon.  Following building permit, the project will "lock down financing.  If all goes well, the goal is to begin construction this year."  Had no idea financing isn't locked down until after the building permit is issued, lol.  Anyone know how long it will take for a project like this to secure financing, and is he just talking about bank lending or equity investors as well?

[JRCLT]

Moxy just received a land development permit, then will have a building permit soon.  Following building permit, the project will "lock down financing.  If all goes well, the goal is to begin construction this year."  Had no idea financing isn't locked down until after the building permit is issued, lol.  Anyone know how long it will take for a project like this to secure financing, and is he just talking about bank lending or equity investors as well?

If it’s supposed to start by this year if all goes well then it shouldn’t take long. Securing financing is literally a negotiation so depending on factors like the creditability of the developer the funding can vary wildly. Perhaps a couple of months Or less after it receives building permits if it’s supposed to start in the next 5 months left in the year.

[RANYC]

1 hour ago, JeanClt said:

If it’s supposed to start by this year if all goes well then it shouldn’t take long. Securing financing is literally a negotiation so depending on factors like the creditability of the developer the funding can vary wildly. Perhaps a couple of months Or less after it receives building permits if it’s supposed to start in the next 5 months left in the year.

Yes, I read his quotes.  And yes, I get that creditworthiness is a variable in lending.  I'm asking if anyone can independently corroborate the developer's timeline and confidence.  Plenty of developers assert a construction start date/timeframe and get it all wrong once there's a wrinkle in financing that belies timing expectations.  Also, I'm curious if anyone on the inside might now whether this project is being pitched to private investors and perhaps the bank financing is done, or is it all bank financing, or perhaps both types are still up in the air.

[SydneycartonII]

Uptown Charlotte hotel aimed at millennials back on track after COVID delays

BY GORDON RAGO UPDATED JULY 27, 2022 4:26 PM

 

Plans for a 13-story, 208-room hotel in uptown are back on track. Moxy Hotels is a Marriott-affiliated brand focused on millennials. The hotel was set to open last year but the project was shelved due to the pandemic. RENDERING COURTESY OF OVERCASH DEMMITT ARCHITECTS Construction on a millennial-focused hotel in uptown — just steps from the Spectrum Center — is expected to break ground this year after a long pause due to the pandemic. The 13-story, 208-room Moxy hotel will go up at 125 S. Brevard St. near E. 4th St., Birju Patel of BPR Properties told The Charlotte Observer. BPR is the developer on the project. Moxy is a Marriott-affiliated brand. Now, the site is a paid public parking surface lot. Once built, hotel guests will zip up to the 13th floor to check in at a lobby bar (with complimentary cocktail) and can check out the view of the skyline — a feature Moxy is known for, Patel said…

Read more at: https://www.charlotteobserver.com/news/business/development/article263842327.html#storylink=cpy

Edited July 27, 2022 by SydneycartonII

[15895]

Focused on Millennials, lmao.

I'm flattered these developers think us tired 30-40 year old millennials find that thing appealing lol. Maybe we'd want to stay there if we were 17 and watching iCarly. I dunno. Maybe I'm a bland Millennial and rather stay at a boring normal Marriott. It seems ridiculous. I like the hollowed out Marriott in Uptown.

Aloft in Charlotte has good rooms, the lobby isn't terrible but it's still annoying. I just don't want to sign in at a random iPad with no real desk, etc. Moxxy was just so odd staying with a lobby that had stuffed unicorns and stuff haha. Red by Radisson is the only hotel I just absolutely can't stand which is a Moxxy type "Millennial" focused hotel is the dumbest thing I've ever stayed at (company provided). The rooms... give me a break... But that's my opinion lol. Sorry for tangent. Obviously, no complaints on the building. Looks good. Hate that it looks like it has above ground parking but I mean. It is what it is and it looks decent.

Edited July 27, 2022 by AirNostrumMAD

[KJHburg]

2 minutes ago, AirNostrumMAD said:

Focused on Millennials, lmao.

I'm flattered these developers think us tired 30-40 year old millennials find that thing appealing lol. Maybe we'd want to stay there if we were 17 and watching iCarly. I dunno. Maybe I'm a bland Millennial and rather stay at a boring Marriott.

all I want in a hotel is clean room, comfortable, quiet at night and good breakfast but what do I know I am  just a Hilton Diamond member.    Some of these hotels are great for people that like to party but maybe less so for someone who wants to sleep.   But there is a market segment for everyone and this Moxy's location next to the arena should be good for those attending games, concerts etc.  

[CharlotteWkndBuzz]

If a reimagined CTC and/or new practice facility across the street ever come to fruition, this Moxy hotel might have gotten lucky with this location. Initially, I was a little perplexed out of all the empty lots in Uptown, how the developers chose this one right next to CTC. However, glad to see this back on track. I’ll be able to sleep better at night when I hear movement on the Intercontinental too lol. 

[SydneycartonII]

10 minutes ago, CharlotteWkndBuzz said:

If a reimagined CTC and/or new practice facility across the street ever come to fruition, this Moxy hotel might have gotten lucky with this location….

I thought the same thing.

[j-man]

Uptown deserves more larger hotels. That’s all. This is cute but…

[RANYC]

9 hours ago, j-man said:

Uptown deserves more larger hotels. That’s all. This is cute but…

Why does Uptown deserve larger?  Do you think developers are getting the market wrong by proposing convenience hotels, boutiques, and those that target a younger demographic?

[KJHburg]

Big convention hotels like the Westin wont happen in Charlotte without subsidies which is why at least all these newer smaller hotels are great.  

Noticed quite a few people at the Hilton today when I walked through a convention must be in town eating breakfast and mulling around around 10.    Topping off at the new Element by Westin too. 

[RANYC]

9 minutes ago, KJHburg said:

Big convention hotels like the Westin wont happen in Charlotte without subsidies which is why at least all these newer smaller hotels are great.  

Noticed quite a few people at the Hilton today when I walked through a convention must be in town eating breakfast and mulling around around 10.    Topping off at the new Element by Westin too. 

that hilton pic looks like a photo from 1993

[Madison Parkitect]

10 minutes ago, RANYC said:

that hilton pic looks like a photo from 1993

Another hotel that needs a refresh pretty badly, but at least it's being kept in good shape.

[CLT Development]

2 hours ago, Madison Parkitect said:

Another hotel that needs a refresh pretty badly, but at least it's being kept in good shape.

There are expansion plans for the Hilton filed that have been collecting dust for prob a decade. Hopefully they happen someday, it would be expanded on the other side of the light rail between 300 S. Brevard and Hilton, built up and around the ball room. another 200-300 rooms.

[videtur quam contuor]

I twice rented a car from Avis at the Hilton location and their cars were parked in that area other side of light rail. Seemed an odd use of the real estate.

[tozmervo]

1 minute ago, tarhoosier said:

I twice rented a car from Avis at the Hilton location and their cars were parked in that area other side of light rail. Seemed an odd use of the real estate.

I've used that counter recently, too - I'm really surprised they aren't keeping the rental cars in part of the parking deck. 

[KJHburg]

Business travelers prefer hotels with walkability which is great for uptown and Southend where there is just one hotel but several in the works.

https://www.bisnow.com/atlanta/news/hotel/panel-bleisure-travel-fueling-amenities-at-atlanta-hotels-114156

[QCxpat]

The Element by Westin - Today 3:30 p.m.

Edited August 13, 2022 by QCxpat

[KJHburg]

The Element by Westin topped off basically.  

Only one stalled uncompleted project uptown now.  

[Blue_Devil]

2 hours ago, KJHburg said:

The Element by Westin topped off basically.  

Only one stalled uncompleted project uptown now.  

Any update on that stalled project?