The R.J. Reynolds Tobacco Company has sold its former headquarters in Winston-Salem, North Carolina, so it can be turned into a Kimpton boutique hotel and upscale apartments.
The 22-story art deco-style Reynolds Building opened in 1929 and was used by architects Shreve, Lamb and Harmon as the prototype for the Empire State Building. The building has been vacant since 2009.
RJR Tobacco sold the building for $7.8 million to a partnership between Kimpton Hotels & Restaurants and Philadelphia-based PMC Property Group. Kimpton will take over the first six floors of the building, opening the city's first luxury boutique hotel in 2015.
The 175-room hotel will have 36 suites, two ballrooms, 6,375 square feet of event and meeting space, a 120-seat restaurant/bar and a fitness center. The building still has its ornate murals, ceilings with gold-leaf gilded millwork and elevators with nickel and brass fittings.
"The R.J. Reynolds Building is one of the most historically significant and architecturally interesting buildings in the country, and we are honored to be able to play a role in adapting it into an exciting new hotel for the city, while preserving its important history and character that R.J. Reynolds Tobacco Company has taken such great care to maintain," Kimpton President and CEO Mike Depatie said in a statement announcing the deal.
Kimpton earlier partnered with PMC to develop the Hotel Monaco Pittsburgh in the 1903 Beaux Arts-style James H. Reed Building, which is scheduled to open in the fall.