Westin Takes Over Downtown Raleigh Hotel
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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White Lodging Acquires Raleigh Sheraton, Plans Westin Transformation: A $27.75M Deal Boosts Downtown Hotel Scene
White Lodging, an Indiana-based hotel management company, has purchased the seventeen-story Sheraton near Raleighs convention center for $27.75 million, a significant drop from its $47.85 million sale price in 2015. The company plans to rebrand the hotel as a Westin, investing in a full makeover that includes upgrading all 353 rooms, revamping public spaces, adding more meeting spots, and introducing new dining options. This acquisition comes as local leaders push for more hotel rooms around the convention center, which lost 45% of its business from 2018 to 2020 due to shortages. The hotel, built in 1982, has seen fluctuations in value over the years, and this rebrand could help fill the gap in downtown Raleighs hotel scene, providing more options for convention-goers without traveling far.
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