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Sunstone Hotel Investors Inc. bought the Hyatt Regency Century Plaza in 2005 for US$293 million and then spent $22 million upgrading the guest rooms and common areas. On June 1, 2008, Sunstone sold the Hyatt Regency Century Plaza to Next Century Associates for $366.5 million, $505,000 per room, one of the highest paid for a hotel in California. [3]
Marriott International spent $2 billion in the mid-1980s on expanding the Courtyard by Marriott chain to attract the typical Holiday Inn clientele. [ 3 ] In 2007, Marriott adopted its Refreshing Business Initiative to update the Courtyard properties to better satisfy the business traveler.
The Courtyard and Residence Inn will be located on 7 acres. Site plans say “Hotel 1” will have 138 rooms and “Hotel 2” will have 111 rooms. They’ll share a pool, fitness center, meeting ...
The JW Marriott brand was established in 1984, with the opening of the first hotel in Washington, D.C. [3] It was named as a tribute to J.W. Marriott, the founder of Marriott Corporation. In 1989, Hong Kong was the destination for the overseas launch.
This past Sunday, about 1,500 San Francisco-based workers from the Grand Hyatt San Francisco, Hilton San Francisco Union Square and the Westin St. Francis, a Marriott property, also went on strike.
In 1957, the firm expanded into the hotel industry by opening the first Marriott hotel, the Marriott Motor Hotel, in Arlington County, Virginia. In 1964, Hot Shoppes, Inc. was renamed Marriott-Hot Shoppes, Inc. [7] The company became Marriott Corporation in 1967. In 1967, Marriott acquired the Big Boy family restaurants chain from Bob Wian. [8] [9]
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