McKibbon drops bid for new hotel in downtown Asheville

(Ashvegas) McKibbon Hotel Group won’t develop the city-owned property on Haywood Street in downtown Asheville. MHG Vice President Wes Townson notified the city today of the company’s decision not to move forward on the Haywood Street project. In a letter to Asheville City Manager Gary Jackson, Townson wrote, “Pursuant to Article B, Section 2, (a) of that certain Contract for Purchase and Sale of Real Property between the City of Asheville and McKibbon Hotel Group…we hereby terminate the Agreement.” John McKibbon, chairman of McKibbon Hotel Group, explained his decision regarding the Haywood Street project: “We’re not going to develop the property on Haywood Street because of the lawsuit filed in March of this year by the Renaissance Asheville Hotel, the Four Points by Sheraton Asheville and the Indigo Hotel Asheville. We would have proceeded with the project had the lawsuit not been filed.

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Posted on November 25, 2013, in Uncategorized. Bookmark the permalink. Leave a comment.

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