The City of Raleigh is soliciting letters of interest from non-profit partners to provide property management, asset management, and supportive services for the property known as Hospitality Studios, a 113-room extended-stay hotel located at 2800 Brentwood Road. The property was acquired by the City on September 24, 2021.
The previous owner is under contract to continue managing the property for a period of six months until a non-profit operator has been selected. It is anticipated that the initial term of the operating agreement would be five years with options to renew. The property is located just off Capital Boulevard, which has a high-frequency bus service and is a future bus rapid transit (BRT) corridor.
Responses in the form of a viewable and printable Adobe Portable Document File (PDF) will be due no later than 4 p.m. on Friday, January 7, 2022, to Lamont.Taylor@raleighnc.gov.
To ensure the most complete responses possible, the Housing and Neighborhoods Department will host a virtual question and answer session on Wednesday, December 1, 2021, at 3 p.m. For meeting details and additional information, please visit the Community and Economic Development page.