Firm plans to open graduate hotel

Amy Horsfield By Amy Horsfield
17 December 2018 | Updated 17 December 2018

US: Chicago's AJ Capital Partners finalises its plans to purchase The Chancellor Hotel in downtown Fayetteville.

The hotel will operate under The Chancellor name while it undergoes renovation and will be rebranded Graduate Fayetteville in Autumn 2019. 

Tim Franzen, president of Graduate Hotels, said: "We couldn't be more pleased and excited about our acquisition of The Chancellor Hotel and becoming a longtime member of the vibrant and dynamic Fayetteville community."

AJ Capital has 13 Graduate Hotels, and has 13 others under development and expected to open by 2020.

In 2011, the 206-room hotel near the city square on East Avenue was sold to Southwind Hospitality Holdings.

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