A Value Place hotel in Gastonia, N.C., was sold for nearly $3.5 million.
Built in 2008, the 44,000-square foot building has 124 rooms. The former owner, New River Gastonia, sold the 3.3-acre property to DC Hospitality Gastonia, a company based in Brook Bound, NJ. The hotel is planned to remain a Value Place property.
“Corporate has received no indication that that location will be anything other than a Value Place,” Leigh Minnier, a Value Place spokeswoman, told the Gaston Gazette.