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Article: Interstate Hotels & Resorts JV To Acquire Ownership Interest in Lexington, Ky. Hotel.
- Article from:
- PR Newswire
- Article date:
- August 4, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. 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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Hotel to Undergo $13 Million Renovation, Reflag as Hilton
ARLINGTON, Va., Aug. 4 /PRNewswire-FirstCall/ -- Interstate Hotels & Resorts , a leading hotel real estate investor and the nation's largest independent operator of full- and select-service hotels, today announced that it had formed a joint venture with an affiliate of Madison W Properties, LLC to recapitalize the existing ownership of the former Radisson Plaza Hotel Lexington in Kentucky and the adjacent 234,000 square foot, class-A office building. Upon the transition, the hotel was renamed the Lexington Downtown Hotel & Conference Center.
The 367-room hotel will begin a comprehensive $13 ...