Two Chattanooga-based companies, CBL Properties and Vision Hospitality Group, are teaming up on a new hotel at a North Carolina shopping center.
They plan to develop a 139-room Element by Westin hotel at Mayfaire Town Center in Wilmington, North Carolina, according to the companies. The new 83,000-square-foot hotel will mark the brand's entrance into the Wilmington market, a news release said.
"CBL's strategy is to bring new uses to our properties such as entertainment, dining, multi-family and hotels," said Stephen Lebovitz, chief executive officer of CBL Properties, in a statement. "The addition of the Element hotel will further enhance the premier mix of retail, restaurants, entertainment and other options already available at the property."
Mitch Patel, president and CEO of the locally based hotel developer, said CBL Properties has been a valued partner.
"We are excited to collaborate with them once again to address the significant market demand and introduce the Element brand to the Wilmington area," he said in a statement.
Construction on the project is expected to begin soon with an anticipated opening in spring 2024, the companies said.
In 2021, CBL and Vision opened a 135-room Aloft by Marriott hotel on a parking at Hamilton Place mall in Chattanooga as part of the redevelopment of a closed Sears store.
-- Compiled by Mike Pare