Historic Vance Hotel
Statesville, North Carolina: Despite concerns that the developer has not lived up to his end of the development agreement, the Statesville City Council voted Monday night to finalize the sale of the Historic Vance Hotel.
The Rainier Group will purchase the dilapidated landmark for $47,000, which represents a fraction of the $475,000 that the city paid for it in 2012. Led by Steven Barker, the developer plans to turn the Vance Hotel into a 60-room boutique hotel.
Historic Vance Hotel
Statesville, North Carolina: Despite concerns that the developer has not lived up to his end of the development agreement, the Statesville City Council voted Monday night to finalize the sale of the Historic Vance Hotel.
The Rainier Group will purchase the dilapidated landmark for $47,000, which represents a fraction of the $475,000 that the city paid for it in 2012. Led by Steven Barker, the developer plans to turn the Vance Hotel into a 60-room boutique hotel.