Plans revealed for new development where circular Raleigh Holiday Inn stands

RALEIGH, N.C. (WTVD) -- A real estate developer has unveiled plans for what will replace the old, round Holiday Inn in downtown Raleigh.

Kimpton Hotels and Restaurants announced Tuesday that it will open a hotel in the City of Oaks in late 2025.

It will be part of a 20-story mixed-use development at Hillsborough Street and S. Dawson Street.

The hotel will span the first six floors of the building.

There will also be a rooftop bar and lounge and more than 6,500 square feet of meetings and events space.