Cleveland Hotel REIT in Trade With Hilton

SOUTHFIELD, MI-DoubleTree hotel will become Embassy Guest Suites after $5.5 million renovation. Hilton gets Cleveland Marriott East property.

By Robert Carr | September 21, 2000 at 01:01 AM

In the transaction, Boykin transferred ownership of its Cleveland Marriott East in Beachwood, OH, to Hilton, which will convert the hotel to the Hilton brand. In exchange, Boykin obtained from Hilton two hotels; one in San Antonio, TX, and the other, an all-suite hotel here.

The ten-story building features 7,800 sf of meeting space and an enclosed atrium. Boykin plans to spend $5.5 million to return the DoubleTree facility to an Embassy Suites.

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