Charlotte-based Griffin Stafford Hospitality is developing a 103-suite Home2 Suites by Hilton in Durham, N.C., in a joint venture with a Raleigh company, reports the Charlotte Business Journal.
The hotel will anchor MJM Group’s Gateway Terrace mixed-use development.
The hotel is expected to open in the fall of 2015.
MJM Group is also a joint venture partner in the hotel with Griffin Stafford.
MJM Group delayed Gateway Terrace in 2007 as the recession hit but recently decided to reactivate the project.
“We believed in the potential of the project and pushed forward,” said Anuj Mittal, co-founder of MJM Group.
The hotel will include an outdoor saltwater pool and a Spin2 Cycle area that combines a laundry facility with a fitness room.
First Community Bank of Bluefield, Va., is providing financing.