The 137,000-square-foot, dual-branded Residence Inn and Courtyard by Marriott opened at 14th and Cary streets.
The six-story property has 210 rooms, with 135 on the Courtyard side. It also houses what will be the new headquarters of local nonprofit the First Freedom Center.
The project was developed by the Apple Hospitality REIT, a downtown-based real estate investment firm that owns nearly 200 hotels around the country. Development costs for the project were around $36 million, according to Apple REIT SEC filings. DPR Construction was the general contractor.
The Residence Inn-Courtyard property is Apple REIT’s second hotel in Richmond, joining the Marriott at 500 E. Broad St. Apple REIT has hired Illinois-based White Lodging Services to manage the hotel. White Lodging also manages the Broad Street Marriott.
The hotel project is more than four years in the making for Apple REIT. It first began the special use permitting process around 2010 and received the green light for development from the City Council in 2012.
