Created: Thu, 27 Feb 2014 10:42:00 EST
Updated: Thu, 27 Feb 2014 02:47:01 EST
The downtown Ramada Plaza Hotel has been sold for 3.1 million dollars!
Attorney Blake Lisenby tells us the Sang-Ha Hospitality business from Canada bought the hotel and closed the deal last week.
Lisenby says the company is in agreement with Radisson Hotels to create a 'Park Inn.'
The new hotel will have 250 to 300 rooms, a convention center, and a bar and restaurant.
The company plans to open the new hotel in October of this year.