Residence Inn, Courtyard double property opens in Richmond, Va.

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.


Like this story? Subscribe to Operations!

Hospitality professionals turn to Operations as their go-to source for breaking news on guest rooms, food & beverage, hospitality trends, management, and more. Sign up today to get news and updates delivered to your inbox daily and read on the go.

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.

Suggested Articles

Hotels in the country have reported growth in both revenue and profitability, but the outlook for further improvement in 2019 and beyond is uncertain.

The survey is open to hotel franchise/membership companies, multiunit hotel ownership companies, hotel management companies and hotel developers.

McKibbon Hospitality manages the 200-room Hyatt House Chicago/West Loop-Fulton Market.