4/21/2004

The Adam's Mark Winston Plaza Hotel has been purchased by the Noble Investment Group, which plans to turn the hotel's two buildings into a 316-room Marriott Hotel and a 150-room Embassy Suites. The deal, made between Noble and the city of Winston-Salem, involves Noble entering into a 15-year lease with the city to manage the convention center and paying $28 million to buy and renovate the property. The city agreed to contribute $10 million to buying and renovating 38,000 feet of meeting space in the hotel.

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