The Graduate Chapel Hill Hotel Officially Opens on Franklin Street Posted Aug 8, 2020 The Graduate Chapel Hill — formerly the Franklin Hotel — is officially open on Franklin Street. The Franklin Hotel was bought in 2019 by the Chicago-based company Graduate Hotels. It had been closed for the past few months while renovations took place. The most popular renovation aspect of the hotel is a detailed recreation of Michael Jordan’s UNC dorm room. (Chapelboro.com)