AJ Capital Partners Acquires The Franklin Hotel in Chapel Hill, North Carolina

/AJ Capital Partners Acquires The Franklin Hotel in Chapel Hill, North Carolina

AJ Capital Partners Acquires The Franklin Hotel in Chapel Hill, North Carolina

|2019-07-02T15:47:42+00:00July 1st, 2019|

Chapel Hill, N.C. – Adventurous Journeys (AJ) Capital Partners announced today that it has acquired The Franklin Hotel in Chapel Hill, North Carolina. The hotel will run independently as The Franklin Hotel prior to and during renovations, which will begin in January 2020. Once completed in April 2020, the five-story, 70-key hotel will debut as Graduate Chapel Hill, part of the Graduate Hotels® collection.

Prominently positioned on Franklin Street, the bustling main thoroughfare of downtown Chapel Hill, the hotel will offer direct access to the city’s top restaurants, bars and shops, as well as the picturesque University of North Carolina at Chapel Hill campus. Fans of Tar Heel athletics will enjoy close proximity to UNC-CH institutions such as the Dean E. Smith Center and Kenan Memorial Stadium.

Created for travelers who seek memory-making journeys, Graduate Hotels is a thoughtfully crafted collection of hotels that reside in the most dynamic university-anchored cities across the country. Each property celebrates and commemorates the optimistic energy of its community while offering an extended retreat to places that often play host to the best days of our lives. There are currently 15 Graduate Hotels open and operating across the U.S. and an additional 16 properties under development and slated to open by the end of 2020.

“We are thrilled to bring Graduate Hotels unique hospitality experience to a quintessential university town like Chapel Hill,” said David Rochefort, Senior Vice President of Asset Management. “The community takes so much pride in the city’s vibrant history and traditions, and we look forward to bringing that energy to life at Graduate Chapel Hill.”

The hotel will undergo comprehensive interior renovations that will include all guest rooms, event spaces and common areas, including a transformation of the existing lobby and bar into Poindexter Coffee, Graduate Hotels’ signature café and bar.

For more information on The Franklin Hotel, please visit https://www.franklinhotelnc.com. For more information on Graduate Hotels, please visit www.graduatehotels.com.

About AJ Capital Partners

AJ Capital Partners, based in Chicago, is an accomplished team of hospitality and real estate investors whose innate passion is to create a one-of-a kind portfolio of timeless assets. The counter-culture investors acquire, design and develop transformative real estate throughout the United States. In fall 2014, AJ Capital Partners launched the Graduate Hotels® collection. AJ Capital Partners continues to grow its portfolio of lodging investments, firmly establishing the group as visionary leaders in the lifestyle-driven investment industry. For more information on AJ Capital Partners, please visit www.ajcpt.com.

Contact: Meg Connolly

graduate@mcc-pr.com/212.505.8200

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