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CHARLOTTE, NC-Publicly held Host Marriott has sold its Charlotte Executive Park Hotel here to the private equity investment arm of the J.E. Robert Cos. for $21.2 million. The 297-room full-service hotel is located in the southwest submarket.

The hotel has visibility and access from Interstate 77, the primary north/south corridor providing direct access to Downtown. Hotel amenities include 15,000 sf of meeting space, an indoor-outdoor swimming pool, an exercise center, a full-service restaurant and bar, a gift shop and a business center.

JER’s plans for the hotel include an additional capital investment to complete a comprehensive renovation of the hotel’s guestrooms, guestroom corridors, restaurant, meeting space, and lobby. The hotel will be managed by Sage Hospitality Resources of Denver.

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