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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Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.