Thursday, July 28, 2016
Thursday, July 14, 2016
You may have heard that the Pepper Building had been purchased again, this time by Mayfair Street Partners of Cumming, GA in the the Atlanta metropolitan area. The firm focuses on retail and hospitality properties; the Pepper Building is the "Featured Project" on their website. They will be operating the property through a franchise agreement with Hotel Indigo which is an international chain in which, like Kimpton Hotels, every hotel is unique. Their most recent projects include a hotel in Bangkok, Thailand and Helsinki, Finland. They are truly international, operating over 50 hotels in 15+ countries. According to this Winston-Salem Journal article, approximately $15 million will be invested.