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Historic First National Exchange Bank building in Roanoke to be transformed into hotel

Promissory Hotel (courtesy of Downtown Roanoke Inc.) (DTRI2025)

ROANOKE, Va. – The historic First National Exchange Bank building in Roanoke is set to be transformed into a hotel, Downtown Roanoke Inc. announced.

According to officials, the building located on 201 S Jefferson Street will be transformed into the Promissory Hotel, which will blend hospitality, music and cuisine.

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The Promissory will feature:

  • A 27-room boutique hotel
  • The Exchange: a 1,000+ capacity concert hall curated by Across-the-Way Productions
  • A Spanish-inspired restaurant & wine bar led by celebrated Roanoke restaurateur JP Powell

For more about the hotel and project, click here.


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