Construction begins on hotel phase of Biltmore Station
February 15, 2018
Ziff Properties, Inc. announced the beginning of the hotel phase of their Biltmore Station located in Asheville, NC. The 85,401-square-foot mixed-use property is comprised of retail and office space, and soon a Home2 Suites by Hilton will join the mix.
Baywood Hotels, a Maryland-based hospitality management company has begun construction on the 120-room, 4-story hotel that is expected to be complete during the first quarter of 2019. Baywood acquired the hotel’s development parcel from Biltmore Station’s ownership group in 2017. The parcel is located between Biltmore Station’s mixed-use and office phases.
Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “Biltmore Station is a unique property and the addition of this hotel will complement the property’s dynamic nature, adding foot traffic and liveliness.”
About Ziff Properties
Ziff Properties, Inc. specializes in the development, acquisition and management of commercial properties in the Southeastern United States. Based in Mount Pleasant, South Carolina, the Company’s 3,000,000-square feet portfolio includes shopping centers, office buildings, and self-storage facilities. Founded by Stephen Ziff in 1992 along with CEO Tim Walter, the company has purchased more than 6 million square feet of commercial property. With more than 500 commercial tenants, Ziff Properties’ portfolio contains locally owned and operated businesses as well as national tenants such as Food Lion, Staples, Starbucks and Hibbett Sports. For more information, please visit www.zpi.net.
