Development group closes on uptown land where hotel will rise

A hotel group has closed on land in uptown Charlotte where it will build the city's first JW Marriott.

Marlotte Hotel LLC, affiliated with Indiana-based White Lodging, paid $6.3 million for a portion of the block where Ally Charlotte Center is under construction. White Lodging is building a 21-story, 381-room JW Marriott hotel at the corner of Stonewall and College streets as part of the mixed-use development, which also includes the 26-story Ally Charlotte Center office tower by Crescent Communities.

Charlotte-based Crescent sold the land to White Lodging in a deal that closed last month.

Both Ally Charlotte Center and the JW Marriott are expected to open in early 2021. Vertical construction is underway on Ally Charlotte Center, a 742,000-square-foot office building that Ally Financial (NYSE: ALLY) is anchoring.

The uptown JW Marriott, a luxury flag of Marriott International Inc. (NASDAQ: MAR), will include guest rooms as well as amenities like an outdoor terrace on the fifth floor with a swimming pool and bar, a full-service spa, coworking executive lounge, bar with outdoor seating, White Lodging-developed restaurant concepts, a grand ballroom, junior ballroom, and additional breakout space.

White Lodging is a hospitality owner, developer and manager. It has developed north of 100 properties, including JW Marriott hotels in Indianapolis and Austin, Texas. The JW Marriott in Charlotte will be the developer's first project in North Carolina.