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.

Read the full story HERE>

Advertisements

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: