Rendering courtesy of Carr City Centers
Carr City Centers, a mixed-use acquisition and development company, announced Monday that it secured a $25.8 million loan from SunTrust Bank. The funds will be used to construct a Marriott Autograph Collection luxury-boutique hotel in Charlottesville.
The new 10-story development will have 150 rooms and suites and will be located at 1106 W. Main St.
“This financing is a key step toward completion of the Marriott Autograph Collection Hotel, which enhances the city’s vision of creating a more vibrant West Main Street,” Austin Flajser, president of Carr City Centers, said in a statement.
The hotel, to be located next to the University of Virginia main campus and adjacent to the University Medical Center, is expected to create about 70 full-time jobs.
