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Historic Hotel Sells to Milwaukee Firm

COLUMBUS-Milwaukee-based Marcus Hotels and Resorts purchases the historic Westin Columbus hotel from BPG Properties. The company plans embark on a substantial renovation to the property, which will include upgrading guest rooms and enhancing the historic feel to the dining area.

By Dana Dubriwny | Updated on May 02, 2006

COLUMBUS-Marcus Hotels and Resorts, based in Milwaukee, has acquired the 186-room historic Westin Columbus hotel. The property, which also will be operated by Marcus, was acquired from an affiliate of BPG Properties, LTD, the operating affiliate of Philadelphia-based REIT Berwind Property Group, LTD.

Located in Downtown Columbus, the hotel is connected to the Southern Theatre, a historically restored, 933-seat performing arts forum. “This is the fourth historic hotel in our portfolio,” boasts Bill Otto, president of Marcus Hotels and Resorts. “We have significant expertise in this unique segment of the hotel industry, ranging from careful restoration to understanding the complexities of historic tax credits.”

Company officials said the hotel will undergo a “substantial renovation to bring the property to peak operating condition,” including upgrades to all guest rooms and creating a new dining experience “in harmony with the property’s historic setting.”

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