Marriott will begin management of the property under a long-term agreement on Oct. 16. Highland acquired the property as part of a four-hotel portfolio from Wyndham International Inc. in August.
James L. Francis, Highland's president and CEO, says that the company has plans to invest more than $6 million in the property. Chad Waetzig, senior vice president of select service lodging for Marriott International, notes that the facility increases Marriott's collection of historic hotels to 17, and fits well with the company's strategy of building the brand in "prime" urban locations. Highland Hospitality currently owns 17 hotel properties with a total of 4,952 rooms in 10 states.
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