Value Place in Gaston, N.C., sold for $3.5M

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.

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