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Tag Archives: Marriott International
Published in Asheville History on August 13, 2013
ASHEVILLE, N.C. (August 12, 2013) – Tower Associates Inc., owner of the BB&T Building, has formed a partnership with the McKibbon Hotel Group to redevelop the city’s tallest building from commercial office space to a mixed-use development that will include an upscale boutique hotel, according to Tower Associates Chairman of the Board Glenn W. Wilcox Sr. and McKibbon Hotel Group Chairman John McKibbon.
Properties included in the new partnership, MHG-Tower LLC include the 17-story BB&T Building and the associated parking garage at the corner of College and Broadway Streets. Financial terms of the partnership were not disclosed.
Glenn W. Wilcox Sr.’s company Wilcox Travel was one of the first tenants when the building opened in 1965 as the Northwestern Bank Building, and Wilcox has been in the building continually for 48 years.
“I moved to Asheville from Boone in September 1965, the same month that what is now the BB&T Building opened. I’m pleased to be partnering with John McKibbon on this exciting project. I have great respect for John and am looking forward to working with a man of such proven integrity,” Wilcox said.
“I‘m honored and pleased to have the opportunity to redevelop downtown Asheville's iconic high-rise, and partnering with the Wilcox family makes it all the more special. We have enjoyed building and managing hotels in Asheville for nearly 20 years, and we look forward to starting our next project in this landmark location,” McKibbon said.
MHG-Tower LLC will be working with the City of Asheville on the planning and approval process. More details on the project will be released as they become available.
Tower Associates Inc. located in Asheville, is the leasing agent and operator of the BB&T Building and BB&T Parking Garage in downtown Asheville and has owned these commercial properties since 1988.
McKibbon Hotel Group, Inc., based in Gainesville, Georgia, is an award-winning, privately held company that has focused on hospitality for more than 50 years. MHG has relationships with three major hotel brands: Marriott International, Hilton Hotels and Starwood Resorts and Hotels. Its portfolio includes more than 75 properties throughout the United States, including three in Asheville.
For additional information on Tower Associates, Inc., visit towerassoc.com. For more information on the McKibbon Hotel Group, visit mckibbon.com
Catherine Carlock Reporter- The Business Journal Email | Twitter | Google+ | LinkedIn
The importance of regionalism, keeping a focus on how to grow a competitive work force and the future of economic development in the Triad and across the state were all featured topics at the Piedmont Triad Partnership’s State of the Region breakfast Thursday.
A crowd of at least 500 economic developers, business and industry executives, government officials and community leaders gathered at the Marriott hotel near Piedmont Triad International Airport. They heard presentations from Ted Abernathy, the executive director of the Southern Growth Policies Board, and N.C. Commerce Secretary Sharon Decker as well as a panel discussion from High Point Chamber of Commerce President and CEO Tom Dayvault, Winston-Salem Mayor Allen Joines and Greensboro Partnership President and CEO Pat Danahy.
Decker outlined a five-tenet framework that the state will focus on in the future to reshape economic development across North Carolina.
Those tenets are a focus on health care, education, economic development and business recruitment, and quality of life.
“We’ve got to use what we’ve got to rebuild this economy, and I’m confident that together we can do just that,” Decker said.
Decker discussed the importance of addressing work force development to handle the skills gap, including focusing on apprenticeship and introducing students to the concept of skills development from a young age.
On the economic development side, Decker outlined the importance of international trade and exporting as well as tourism as an economic driver. She also discussed focusing on regional connectivity throughout the state, though those regions may look different than the standard economic development partnership regions currently in place.
Catherine Carlock covers commercial and residential real estate, construction, economic development and retailing and restaurants. Contact her at (336) 370-2918.