Print
Real Estate - Commercial

Hotel Coming To The Pointe At Barclay In Midtown Wilmington

By Cece Nunn, posted Jul 12, 2019
A rendering from Ideal Hospitality's website shows the Home2 Suites planned for land at The Pointe at Barclay. (Courtesy of Ideal Hospitality)
A Georgia hospitality firm plans to build a hotel at The Pointe at Barclay in midtown Wilmington.

Owner Mehul Patel of Ideal Hospitality Investments Inc. said Thursday that the company intends to create a four-story, 108- to 110-room Home2 Suites by Hilton beside The Pointe 14 movie theater. 

Wilmington Hotel Investors LLC, an entity of Ideal Hospitality of Pooler, Georgia, bought the property, a little over 2 acres, in May for $1.2 million. It previously belonged to Barclay Commons Retail II LLC.

The Home2 Suites at The Pointe will be one of the first Wilmington hotels for Ideal Hospitality, an owner-operator company that has hotels throughout the Southeast, including North Carolina, South Carolina, Georgia and Florida.

The company is also planning a La Quinta Inn in Wilmington, according to the firm's website, although it doesn't give an exact location. 

"Wilmington's a great market and a market that we feel is going to keep growing," Patel said of choosing The Pointe location. "There's a lot of tourism; there's a lot of corporate business. There's a lot of larger companies that are looking into Wilmington."

He said guests will also likely result from the new Home2 Suites proximity to downtown Wilmington and New Hanover Regional Medical Center.

The Pointe at Barclay, a dining and entertainment complex anchored by the theater and bordered by South 17th Street and Independence Boulevard, is a development by Cameron Management of Wilmington and Charlotte-based Collett. Currently, a Midtown Park office building and two new retail buildings are under construction at The Pointe, including a dental practice. The retail structures are expected to be delivered by early 2020.

Ideal Hospitality is set to break ground on the Home2 Suites, a limited service, extended-stay brand that has some kitchen amenities, at The Pointe by the end of this year or the first quarter of next year, Patel said.

"We're going through design right now," he said. "We're using a lot of local civil engineers and we're going through the project right now and plan to have the drawings completed by the end of September, beginning of October."

Hill Rogers and Bryan Greene of Cameron Management represented the seller, Barclay Commons Retail, in the transaction while Patel and Ideal Hospitality were represented by Marcello Caliva of Intracoastal Realty.

Site plans were submitted last year for a Home2 Suites by Hilton to be built at 5518 Market St. by The Generations Companies of Raleigh, and the city's project tracking website states that those plans are still under review.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Alexandra

Don’t Let Grinch Ruin Your Holiday Cheer This Year

Alexandra Lysik - Cavik Insurance
Robindavisccu1 1011944433

Is A HELOC Right For You?

Robin Davis - Corning Credit Union (CCU)
Dave sweyer 300 x 300

Learning The Language Of Property Management

Dave Sweyer - Sweyer Property Management

Trending News

Downtown Office Building Changes Hands In $3.7M Deal

Cece Nunn - Nov 18, 2019

Bankruptcy Filing: Vertex Railcar Owes More Than $45M

Cece Nunn - Nov 19, 2019

Beach & Barn Raises $230K

Johanna Cano - Nov 19, 2019

2019 Health Care Heroes Award Winners Announced

Staff Reports - Nov 18, 2019

Group Forms To Oppose Hospital Sale Or Partnership

Johanna Cano - Nov 20, 2019

In The Current Issue

Hard Labor: Employers Face Strained Searches For Workers

Some businesses are struggling to find qualified workers in a tight labor market, and the Cape Fear region is feeling the effects....


Navassa Driven Closer To Major Growth

About 2,100 people live in Navassa, but officials and developers expect that number to grow by the thousands in the next 20 years....


MADE: Mounting An Expansion

Grunt Tough is a software and traditional manufacturing company; products are made and distributed out of its Wilmington facility....

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

August 26, 2019 Power Breakfast: A Healthy Sale?
WILMA's Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`