Bank Building in Durham, N.C., to Become Hotel

Conversion project will transform CCB Building into 110-room hotel

The bank maintains a retail bank branch and commercial and mortgage lending operations in lower floors. The SunTrust sign atop the building will remain in place.

Greenfire Development has been active in downtown development efforts. It has acquired 23 properties with investments totaling $45 million -- including the $10.5 million December purchase of another center city landmark, the N.C. Mutual Life Insurance Building.

Greenfire officials have said the 18-employee firm plans to invest $150 million in downtown over the next five to seven years.

Earlier, another local developer was planning to put a 70-room boutique hotel along West Main Street near Buchanan Boulevard in Trinity Park.

But those plans have evolved into a 100-suite extended-stay hotel that would incorporate the historic, 81-year-old former McPherson Hospital building.

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