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Article: Historic hotel checks back in

Article from:
Roanoke Times & World News
Article date:
October 28, 2009
Author:
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Developer Ed Walker of Roanoke plans to invest at least $14 million to resurrect the vacant and long-neglected Patrick Henry Hotel and to transform the historic downtown building into apartments and other uses.

In a transaction that closed Tuesday, Walker bought the 84-year- old hotel on South Jefferson Street for $1.3 million from Potomac Realty Capital of Boston.

Renovation work could begin soon, he said, with initial efforts focused on stabilizing a leaky roof, tackling asbestos abatement and, at some point, auctioning furniture and equipment from the former hotel.

News of Walker's plans stirred enthusiasm among local officials, a downtown development organization, retailers ...

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