Interstate Selected by Cambridge Landmark to Operate 759-Room Philadelphia 201 Hotel in Downtown Philadelphia
Interstate Hotels & Resorts | April 2, 2019
ARLINGTON, Va., April 2, 2019 -- Interstate Hotels & Resorts, the leading global third-party hotel and resort management company, has been selected to continue the successful operation of the Philadelphia 201 Hotel, the second largest hotel in the city. Recently acquired by private equity company Cambridge Landmark, the transaction included a new franchise agreement with Marriott for the property to become a Sheraton upon completion of a $28 million renovation. The transformation is part of Sheraton's latest vision announced in June 2018, featuring the new Sheraton guestroom and public spaces that bring to life its signature foc...
Cambridge Landmark | March 13, 2019
MIAMI, March 13, 2019 -- Cambridge Landmark, a hotel-focused private equity company, recently announced that it has closed on the acquisition of the former Sheraton Downtown Philadelphia, a 757-room full service hotel located in Center City and two blocks from the Pennsylvania Convention Center. The hotel currently operates as the Philadelphia 201 Hotel under the Marriott reservation system. With the closing of this transaction, a new franchise agreement has been signed with Marriott International for the property to regain the Sheraton brand upon completion of a $28-million renovation focused on upgrading the rooms, creating new suites...
Le Méridien New York, Central Park Reopens Following Conversion of Former Viceroy Hotel
Radisson Hotel Group Signs Agreement With Zdrojowa Invest & Hotels for Radisson Resorts in Poland
Millennial Marketing Woes: SOLVED
IHG Signs Agreement to Develop New 170-Key Holiday Inn Dubai Deira Islands With Opening Expected in 2023
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.