Hospitality
$28MReported sale price
Raleigh, NCPROPERTY DATA
Property data card. A licensed photograph has not been added.
Transaction reported by the linked primary source.
The people behind the deal
Roles are those credited in the source announcement. This is not a complete list of transaction participants.
Sources behind the record.
Source: Bisnow Raleigh Hotel Will Undergo A Rebrand After Discounted SalePublication date not disclosed
Reported announcement, not an independent deed verification. Figures and dates retain the source’s level of precision.
Inspect the field-by-field source references
| Field | Reported value | Source reference |
|---|---|---|
| name | Sheraton Raleigh Hotel | Source: Bisnow bought what was the Sheraton Raleigh Hotel at 421 S. Salisbury St. |
| address | 421 S. Salisbury St. | Source: Bisnow bought what was the Sheraton Raleigh Hotel at 421 S. Salisbury St. |
| city | Raleigh | Source: Bisnow bought what was the Sheraton Raleigh Hotel at 421 S. Salisbury St. |
| state | NC | Source: Bisnow bought what was the Sheraton Raleigh Hotel at 421 S. Salisbury St. |
| asset type | Hospitality | Source: Bisnow Indiana-based hotel developer White Lodging bought what was the Sheraton Raleigh Hotel |
| event type | sale | Source: Bisnow bought what was the Sheraton Raleigh Hotel at 421 S. Salisbury St. for $28M on March 27 |
| event status | closed | Source: Bisnow bought what was the Sheraton Raleigh Hotel at 421 S. Salisbury St. for $28M on March 27 |
| event date | 2026-03-01 | Source: Bisnow Article publication date (reporting month, not closing date) |
| area basis | building | Source: Bisnow The 249K SF property, built in 1981, has 353 rooms. |
| buyer | White Lodging | Source: Bisnow Indiana-based hotel developer White Lodging bought |
| seller | an LLC connected to the PM Hotel Group | Source: Bisnow The seller of the Sheraton was an LLC connected to the PM Hotel Group |
| price cents | $28,000,000 | Source: Bisnow bought what was the Sheraton Raleigh Hotel at 421 S. Salisbury St. for $28M on March 27 |
| area sf | 249000 | Source: Bisnow The 249K SF property, built in 1981, has 353 rooms. |
| unit count | 353 | Source: Bisnow The 249K SF property, built in 1981, has 353 rooms. |
| is portfolio | false | Source: Bisnow bought what was the Sheraton Raleigh Hotel at 421 S. Salisbury St. for $28M on March 27 |