Asheville’s BB&T Building sold for $7.5 million

(Asheville Citizen-Times) The BB&T Building, the 17-story skyscraper that dominates downtown’s skyline, has been sold for $7.5 million as part of a hotel partnership. The deal represents a partnership between Glenn W. Wilcox Sr. and his ownership company, Tower Associates, and the McKibbon Hotel Group, which plans to renovate the building and include an upscale hotel inside. A deed filed Tuesday in Buncombe County shows the conveyance of the building from Tower Associates to MHG-Tower, LLC, a Georgia company that Wilcox said is a partnership between himself and John McKibbon, principal of the hotel company.

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Posted on November 7, 2013, in Uncategorized. Bookmark the permalink. Leave a comment.

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