If you thought that the hotel building boom was slowing down anytime soon, it’s not, at least not yet. Birmingham-based Harbert Realty Services and Concord Hospitality Enterprises Co. of Raleigh, N.C. announced a partnership and plans to spend $52 million to renovate the old Regions Plaza building with a “4-diamond quality hotel” this afternoon at a 2 p.m. press conference at Regions Center.
When completed the as of yet unnamed hotel will house 255-rooms and include several features including a full-service restaurant and bar, a coffee shop. It will also add an estimated 12,000 square feet of additional meeting space to the city’s central business district. The project will not be started until the relocation of some 400 Regions Bank employees is complete, most into the larger Regions Center. Continue reading →