Elliott Lodging to build second Candlewood Suites

The second hotel will be near the intersection of Republic Road and National Avenue and will face James River Expressway.

Both hotels are designed by Slone Architects and each will be 43,000 square feet, four-stories and cost about $5 million to build.

The Glenstone hotel, which is near Interstate 44, should be open by March. Construction on the south-side location should begin in spring and be complete by the beginning of 2008.

The 2.1-acre Republic Road parcel, which Elliott purchased through Wilhoit Properties broker Ken Schwab for $1 million a few months ago, is adjacent to newly built restaurants Ruby Tuesday and Uncle Bently’s and to Gallery Eleven, a $1.19 million shopping center that’s under construction.

It’s also near Cox South hospital – a big draw according to Elliott – and has plenty of out-of-town traffic that rolls past it now that James River Expressway meets up with Interstate 44 west of town.

“It’s a hot area, so it’s a perfect place for us to put a south location,” Elliott said.

Elliott franchises Candlewood Suites from Intercontinental Hotels through Elliott Lodging LLC.

See SBJ’s Nov. 13 issue for more on Gordon Elliott’s building plans.