Print
Real Estate - Commercial

Developers Celebrate Start Of New Hotel Near Hospital

By Cece Nunn, posted May 11, 2018
Hotel developers Steve Arp (from left) and Singh Ahluwalia held a groundbreaking ceremony Friday for the Holiday Inn Express & Suites coming to Medical Center Drive in Wilmington (Photo by Cece Nunn)
The developers of a $12 million hotel that will be built on Medical Center Drive held a groundbreaking ceremony for the project Friday morning. 

The four-story, 109-room Holiday Inn Express & Suites is under development by Kismet Wilmington LLC on 2 acres at 1025 Medical Center Drive.

Hotel developer Steven Arp and partners involved in the Holiday Inn Express, including Singh and Manjula Ahluwalia, were among those who attended the ceremony Friday at the currently wooded site. The hotel will be built by Tennessee-based Thomas Builders and the work could take up to 18 months, depending on permits and weather. Holden Beach resident Mike Merritt is the superintendent for Thomas Builders for the project.

"We're just looking forward to providing another venue for the community, taking care of them and providing a wonderful service," Arp said Friday. "We think Wilmington is such a great, diverse market."

He said the hotel is expected to welcome both business and leisure travelers. "Then you have people that have the need to go to the hospital, and family members have got to have a place to stay," Arp said.

Singh Ahluwalia said the partnership group building the Medical Center Drive hotel studied the market and had a feasibility study done before choosing to buy the property for its first hotel in Wilmington. The group, which has built hotels throughout North Carolina and South Carolina, is also looking at potential hotel sites elsewhere in Wilmington.

Nicholas Silivanch, a broker with Wilmington-based Eastern Carolinas Commercial Real Estate, who represented the development group in the purchase of the Medical Center Drive site, said at the ceremony Friday, "It's always been a pleasure to represent Steve in finding sites for him throughout the Carolinas for hotels. And we're excited to continue our work both here in Wilmington and elsewhere in helping him locate suitable sites for hotel brands."

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Susan 2 april242017

Divorced? You May Be Eligible for Boosted Retirement Benefits

Susan Willett - Old North State Trust, LLC
Volety 0020 1121724229

New Interdisciplinary Studies Program Opens Doors for Former Seahawks

Aswani Volety - UNCW College of Arts and Sciences
Burrus rob headshot 300x300

Rising Prices, Unit Sales and Housing Inventories

Robert Burrus - Cameron School of Business - UNC-Wilmington

Trending News

Contracts Awarded In ILM Terminal Expansion, Designs Released

Christina Haley O'Neal - Aug 20, 2018

Design Agency Marking Growth In The Cargo District

Johanna Cano - Aug 20, 2018

In The Current Issue

Dosher Adds Heart Health Services Program

Dosher Cardiac Rehabilitation recently introduced a program for people interested in improving their overall health called “Steps to Wellnes...


Program Addresses Funding Gap

A program designed to help female entrepreneurs bridge the funding gap drew a number of local startups this year....


Tariffs Could Impact FTZ Business Benefits

Local and national trade experts say that Foreign Trade Zones can be a tool for local companies to utilize in global business, but whether i...

Book On Business

The 2018 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2018 Power Breakfast - Dishing on the Restaurant Biz
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties
2017 Health Care Heroes