Kalyan Takes Over Graduate by Hilton | Richmond News

Kalyan Hospitality just bought the Graduate by Hilton on Franklin Street for $20.7 million — a move that brings the hotel back to its VCU roots, with CEO Nick Patel, a proud VCU alum, leading the charge. Originally purchased by AJ Capital in 2015 for $9.5 million, the property is now under new management while keeping the Graduate brand intact and the popular rooftop bar, Byrd House, open. Kalyan, with 40+ hotels across Virginia and the Pacific Northwest, is also expanding with a new Element by Marriott near Short Pump and renovating The Berkeley in Shockoe Slip — all while staying true to their vision of fresh, vibrant hospitality. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/398f00f8993d15b9