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The 600-room Sheraton Downtown Memphis at 250 N. Main St. was listed for sale about three weeks ago, according to Wayne Tabor, president of the Metropolitan Memphis Hotel & Lodging Association.
In 2018, Park Hotels sold 13 hotels that it considered "non-core" assets, including 10 of its 14 international properties, for a total of $519 million. [ 11 ] [ 12 ] [ 13 ] HNA Group , which had owned 25 percent of the company, sold all its shares in March 2018 in a stock buyback and a secondary offering for a total of $1.4 billion.
Starwood acquired the Sheraton, Four Points by Sheraton, and The Luxury Collection brands from ITT Sheraton in 1998. In 1999, Starwood launched their "W" Hotels brand. [ 9 ] In September 2005, Starwood announced the launch of Aloft, a new hotel brand based on W. Aloft Hotels catered toward business travelers .
The Gunter Hotel opened on November 20, 1909, on the site of the earlier Mahncke Hotel. [3] [4] There had been a hotel or inn on the same site since 1837. [5]The eight-story, 301-room hotel was built by the San Antonio Hotel Company and named for Jot Gunter, a local rancher and real estate developer who was one of its financiers.
That price is $100,000 more than that set by an appraiser but only half the value assigned by the Wichita Appraisal District. The hotel, considered a showplace Sheraton when it was built in 1985 ...
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Sheraton Hotels and Resorts is an American international hotel chain owned by Marriott International.As of June 30, 2020, Sheraton operates 446 hotels with 155,617 rooms globally, including locations in North America, Africa, Asia Pacific, Central and South America, Europe, the Middle East and the Caribbean, in addition to 84 hotels with 23,092 rooms in the pipeline.
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