Loews will purchase the Renaissance Hollywood Hotel, rebranding it as Loews Hollywood Hotel. The property, which has 632 guestrooms, including 32 suites as well as over 48,000-square-feet of meeting space, will remain open while undergoing a $26m renovation beginning later this year.
The former Atlantic Resort Ocean Palm in Daytona Beach, is now a Lexington Inn & Suites Daytona Beach, part of Vantage Hospitality Group. Bill Moore is general manger.
Lowe Enterprises Investors, on behalf of an investment client, has acquired the 28-story, 213-room Affinia Chicago Hotel in downtown Chicago from Denihan Hospitality Group. LEI affiliate, Destination Hotels & Resorts, will take over the hotel management and implement the property’s rebranding as MileNorth, a Chicago Hotel, a name inspired by its premier location one block from North Michigan Avenue – the Magnificent Mile. The previous owner completed a top-to-bottom renovation upgrading all guest rooms including furniture and fixtures, the corridors, common areas and building systems and transforming several floors of office space into guest rooms. The seller was represented by Eastdil Secured. Lowe Enterprises Investors represented itself in the transaction.
DoubleTree by Hilton Phoenix-Gilberthas opened near downtown Phoenix, Arizona. The 121-room upscale full-service hotel was formerly a Radisson Hotel.
InterContinental Hotels Group announced the opening of the Crowne Plaza Houston Galleria Area in Houston, TX. The six-story, 207-room property recently underwent a $20m renovation to both the interior and exterior.
Davidson Hotels & Resorts today announced that it has taken over management of the rebranded 417-room Hyatt Chicago Magnificent Mile, which will undergo a $25m re-invention that will completely transform the. Owned by Sunstone Hotel Investors, the Hyatt Chicago Magnificent Mile marks the second hotel that Davidson operates on behalf of Sunstone, and its seventh Hyatt-branded hotel.
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