Virginia Hotel Partners LP has purchased 2.4 acres of land in Charlottesville for $1.4 million for the development of a 117-room Fairfield Inn and Suites by Marriott.
The company, a limited partnership based out of Kingston, Pa., expects to open the hotel in 2017. It would be part of a 100,000-square-foot, mixed-use William Taylor Plaza project that has been proposed by Southern Development.
According to CBRE|Charlottesville, the seller of the land was Cherry Avenue Investments LLC.
