Memorial University officially buys The Battery

Memorial University has finalized its purchase of the former Battery Hotel in St. John's.

Memorial University has finalized its purchase of the former Battery Hotel in St. John's.

The deal officially closed on Friday.

The university paid $9.5 million for the St. John's landmark. It plans to spend up to another $16 million on renovations.

Memorial's president Gary Kachanoski said the acquisition will help the university deal with its pressing need for more space.