CHARLOTTE-The contracts for managing Portman Holdings’ new 700-room, $143-million convention hotel have been signed by Westin’s parent company, Starwood Hotels & Resorts Worldwide Inc. Starwood officials say the Westin brand’s international marketing power and global reach will open new economic opportunities for Charlotte’s business community. There are 120 Westin hotels in 26 countries.

A major asset of the hotel will be an on-site trolley station linking the convention district with the south side of Charlotte. The station is being funded through a grant from the city. The hotel complex will also provide parking for 1,500 vehicles.

The hotel will also provide more than 46,000 sf of meeting and pre-function space, and a full-service business center. A 16,276-sf grand ballroom will accommodate up to 1,350 people for banquets, and a 7,000-sf junior ballroom will hold roughly 600 guests.

Portman Holdings is an Atlanta-based real estate development company

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

 

GlobeSt. NET LEASE Fall 2023Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.