The company that plans to build a 147-room Courtyard by Marriott in downtown Baton Rouge has acquired the land for the hotel.

Windsor Aughtry paid $2.25 million for the 0.73-acre site at Florida and Third Streets in two separate transactions that were filed with the East Baton Rouge Clerk of Court’s office Wednesday. The sellers were Third Street Acquisition LLC and Marnie Land Co. LLC. Third Street Acquisition is made up of Gordon LeBlanc and Tom Adamek, partners in Stonehenge Capital, an investment and finance company based downtown, while Marnie Land Co. is made up of LeBlanc and his sister, Moffett LeBlanc Strain.

Windsor Aughtry of Greenville, South Carolina, has announced plans to build the $20 million hotel at 260 Third St., formerly the site of the Istrouma Hotel.

The Courtyard by Marriott will have a Starbucks on the first floor and should be open by fall 2017.

Windsor Aughtry also developed the Hampton Inn & Suites at Main and Lafayette streets. The 137-room hotel opened in May 2013.