20-story InterContinental hotel to rise atop Carolina Theatre in Charlotte

Charlotte is getting a major new luxury hotel as part of the long-planned restoration of a historic-but-derelict theater uptown, officials announced Tuesday.

A 250-room InterContinental hotel will rise atop the renovated and restored Carolina Theatre at Sixth and North Tryon streets. In addition to continuing uptown’s hotel building boom, the new hotel tower will add momentum to designs for revitalizing the northern end of uptown.

Valor Hospitality Partners signed on to lease the air rights above the theater and bring in a 4- or 5-star luxury hotel for the property. SB&G Hotel Group, an Australian company, is partnering with Valor on the project.
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