Wintergreen Hospitality has acquired Chapel Hill's boutique Franklin Hotel for $14 million, according to public records.
UNC grads Jay Patel, 27, brother Anup Patel and their father Pravin Patel own Wintergreen Hospitality, which has operated more than $60 million in hotel assets over nearly 30 years. The company has properties in the Southeast including Washington, D.C; Nashville; and Savannah, and currently owns and operates two Hilton Hotels properties: the Hampton Inns located in Lumberton and Selma, North Carolina.
"We will build on the Franklin's reputation for providing a premium hotel experience in Chapel Hill," Jay Patel said. "Our vision is to deliver unforgettably positive human interactions with guests, who will find their Franklin Hotel experience warm, friendly, sophisticated, highly service-oriented and casually fashionable.”
