CHAPEL HILL, NC— Hotel REIT has opened the $14.7 million, 147-room Courtyard by Marriott hotel here. The hotel, which the company claims is the first hotel in more than a decade here, is a joint venture between Winston Hotels, which holds a 49 percent interest, and Chapel Hill Hotel Investment, LLC which retains a 51 percent interest. The five-story hotel, which is managed by Alliance Hospitality Management, LLC, has more than 1,800 square feet of meeting space, a 24-hour complimentary business center, on-site laundry facility and a courtyard café offering daily breakfast service.
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