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Article: Marcus Hotels and Resorts Announces Agreement to Sell the Miramonte Resort.
- Article from:
- Business Wire
- Article date:
- November 26, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MILWAUKEE -- Marcus Hotels and Resorts, a division of The Marcus Corporation (NYSE:MCS), today announced that it has signed a definitive agreement to sell its Miramonte Resort in Indian Wells, Calif., to Destination Hotels & Resorts, an independent hotel management company based in Englewood, Colo. Terms of the cash transaction, which is expected to close by the end of the year, were not disclosed.
The Miramonte Resort is a boutique luxury resort located on 11 acres in the Palm Springs area. The Tuscan-themed resort includes 216 guest rooms, a restaurant, lounge, meeting space, fitness center, swimming pools, outdoor meeting facilities and a golf concierge. In May ...