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Vision Hospitality restoring historic Grady Hotel in Louisville, KY

The hotel’s structure, built in 1883, is scheduled to open in 2021

WORK HAS BEGUN on reconstructing The Grady Hotel in Louisville, Kentucky, another luxury boutique hotel being developed by Chattanooga, Tennessee-based Vision Hospitality Group, led by Mitch Patel, president and CEO. It is scheduled for completion in 2021.

The 51-room hotel is name for Grady Clay, a local journalist and proponent of the New Urbanism movement that focuses on the development of walkable communities. It was built in 1883 by pharmacist J.B. Wilder.


“We are excited to restore this historic building in the heart of Bourbon City to a luxury boutique hotel that encompasses Louisville’s one-of-a-kind spirit,” Patel said. “We also look forward to joining this timeless neighborhood with Wild Swann, our food and beverage offering intended for guests and locals.”

The Wild Swann restaurant is named after the Swann-Abram Hat Co., one of the original residents of the building in the 1920s known for designing the first hats worn at the Kentucky Derby. It is near the Muhammed Ali Center, Frazier History Museum, Louisville Slugger Museum and many of the area’s restaurants and bars.

Vision Hospitality first announced its plans for The Grady in 2018, according to local media.

Vision Hospitality’s other upscale developments include the AC Hotel Atlanta Perimeter Center in Atlanta, expected to open in 2021, and the Aloft by Marriott Chattanooga/Hamilton Place in Chattanooga. In 2018 it opened The Edwin Hotel, part of Marriott International’s Autograph Collection, in Chattanooga, Tennessee, and launched its own boutique brand, Kinley.

The company also recently broke ground on the Hampton Inn by Hilton Blue Ridge in Blue Ridge, Georgia.

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Peachtree Group Backs The Briad Group’s Retail Expansion

Peachtree backs Briad’s retail expansion

Summary:

  • Peachtree to provide up to $200M to Briad for retail expansion.
  • Private credit platform to fund 2–4 Circle K stores and mini-travel centers yearly.
  • Peachtree has provided Briad $100M+ for hotel developments since 1999.

PEACHTREE GROUP IS expanding into the convenience and fuel retail sector, providing up to $200 million to The Briad Group to develop and acquire new sites. Its private credit platform will support two to four Circle K stores and mini Travel Center projects annually.

Each 7,000-square-foot location combines fuel, convenience retail and quick-service restaurants including Wendy's, Dunkin', Jimmy John's and Buffalo Wild Wings Go, Peachtree said in a statement.

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