White Lodging acquires the Sheraton Raleigh Hotel in Raleigh, N.C. Other terms and conditions were not disclosed. The 353-room property is in downtown Raleigh, within walking distance of the Raleigh Convention Center. White Lodging will also manage the newly acquired hotel.
White Lodging expects to undertake a comprehensive transformation of the property and its amenities, including a brand evolution from a Sheraton to a Westin. The renovation will include elevated guestroom and public-area enhancements, as well as added meeting space and reimagined food and beverage concepts. White Lodging is currently working on design and construction plans for the renovation and anticipates starting the renovation in early 2027.
“This investment strongly supports White Lodging’s growth strategy, which spans premium urban ground-up development, strategic acquisitions like this one, and select third-party management agreements,” Conner White, vice chair and chief investment officer at White Lodging.
This acquisition is White Lodging’s first in Raleigh. In North Carolina, White Lodging developed, owns and operates the JW Marriott Charlotte along with approximately 60 other hotel properties in 17 markets. The company will open its newest development, Hotel Trinity Austin, Autograph Collection, in Texas later this year.
“This hotel provides an exciting opportunity to enhance the quality of the hotel with an expanded convention center in the works and growing leisure demand,” said Jean-Luc Barone, president and CEO of White Lodging.