I realize there is a thread in another forum, but given the sizable investment planned, I feel this qualifies as a downtown construction project. Moderators - feel free to merge as you see fit.
This is great news. Let us all hope and pray they do something with the exterior of this Frankenstein of a building!!! Seriously, this could be the ugliest building in such a prominent location in any major city's downtown. $63 million certainly won't by a reskin, but maybe, hopefully, some new, clearer windows and a redesign/reconstruction of the roof and porte cochere of the building are in order. Along those lines, anyone have any ideas?
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This is great news. Let us all hope and pray they do something with the exterior of this Frankenstein of a building!!! Seriously, this could be the ugliest building in such a prominent location in any major city's downtown. $63 million certainly won't by a reskin, but maybe, hopefully, some new, clearer windows and a redesign/reconstruction of the roof and porte cochere of the building are in order. Along those lines, anyone have any ideas?
Downtown to lose its Adam’s Mark; Hyatt to take its place
By Doug Wong
February 8, 2008 @ 10:25 am
In Business Ticker
The Adam’s Mark mark is coming down from the downtown St. Louis hotel.
Chartres Lodging Group LLC of San Francisco, formerly Oxford Lodging Advisory & Investment Group, this morning completed the purchase of the 910-room Adam’s Mark Hotel and said it will spend $63 million to renovate and rebrand the property into the Hyatt Regency St. Louis Riverfront within the next 18 months. Hyatt will assume management of the property now as an Adam’s Mark until the rebranding is completed this spring.
The sale is part of a larger transaction in which Chartres acquired the Adam’s Mark portfolio from Creve Coeur-based HBE Corp. In addition to the downtown St. Louis property, Chartres bought hotels in Indianapolis, Dallas, Denver and Buffalo, N.Y.
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