Industry NewsBoutique & IndependentMcKibbon to Develop Tribute Portfolio Property in Asheville

McKibbon to Develop Tribute Portfolio Property in Asheville

TAMPA, Fla.—McKibbon Hotel Group announced it will partner with Starwood Hotels & Resorts on its newly launched Tribute Portfolio, a collection of four-­star, upscale independent hotels.

The Vandre Nouveau Hotel, a Tribute Portfolio Hotel, in Downtown Asheville, N.C., will be the first independent hotel developed by McKibbon. The well-­known BB&T Bank building, owned by McKibbon Hotel Group and Tower Associates, will be repurposed into the hotel and condominiums. McKibbon will develop and manage the new hotel when it’s completed in 2017.

“We have created a perfect partnership with Starwood and Tower Associates. Together, we are passionate about developing and managing great hotels in great destinations,” said John McKibbon, chairman of McKibbon Hotel Group. “We all have a deep affinity for Asheville and its history and look forward to the Vandre Nouveau Hotel being the epicenter of the downtown area, leading the future of Asheville’s growth and defining where it heads next.”

The property will include 150 guestrooms and suites, a destination restaurant and lobby bar, and more than 4,000 square feet of modern meeting and event space. Tribute Portfolio expects to hit 100 hotels, located in high-demand destinations, by 2020.

The hotel’s name stemmed from Vander, meaning “to stroll”, “to wander” and is a play on the name of Architect Ludwig Mies van der Rohe, a master of modern architecture. His influence is apparent in the BB&T Bank building, downtown Asheville’s tallest building, which will become known as the Nouveau Tower. Nouveau, meaning “new”, describes the transformed building that will impact the landscape and community.

“Having lived and worked in Asheville for over 50 years, I can speak for my team in saying we are so excited about the development of the Vandre Nouveau Hotel and the impact it will have on our community,” said Glenn Wilcox, chairman and president of Tower Associates. “The upscale, boutique hotel is sure to be a catalyst to the continued revitalization of downtown Asheville.”

Once the Vandre Nouveau Hotel development is complete, there will be three McKibbon Hotel Group properties, including the AC and Aloft, within just a few blocks of each other in downtown Asheville. In addition, McKibbon Hotel Group will break ground in Charlotte, N.C., on a dual­‐branded hotel tower, AC by Marriott and Residence Inn by Marriott, in uptown Charlotte’s EpiCentre in June 2015 as well as a 144-­room Aloft slated for downtown Greenville, S.C., which opens in November 2015.