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Article: Marcus Hotels and Resorts Acquires Four-Diamond Westin Columbus Hotel in Ohio; Third Hotel Added to Portfolio in 12 Months, Continues to Seek Expansion through Equity Investments, Third-party Contracts.
- Article from:
- Business Wire
- Article date:
- May 2, 2006
CopyrightCOPYRIGHT 2006 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 completed the purchase of the 186-room Westin Columbus (Ohio) hotel. Terms of the transaction were not disclosed. The property, which also will be operated by Marcus, was acquired from an affiliate of BPG Properties, LTD, the operating affiliate of Philadelphia-based Berwind Property Group, LTD., a privately held real estate investment management firm.
The historic hotel will undergo a substantial renovation to bring the property to peak operating condition. Upgrades include renovating all guest rooms and creating a new dining experience in harmony ...