MIAMI—The Westin Diplomat Resort & Spa is already a go-toresort and conference destination for groups around the country.Thayer Lodging, its new owner,thinks it can dobetter.

Last week, Thayer acquired the Hollywood, FL resort and spa for$460 million. Now, the Brookfield Company and itsinstitutional partners are setting out to leave their own mark onthe hotel, starting with a new name and a major upgradeproject.

The Westin Diplomat will take on the name Diplomat Resort &Spa and join Hilton Worldwide's newest brand, Curio – A Collectionby Hilton, in October 2014. Thayer also plans toinvest $100 million to “enhance” the asset later this year. Curiois a worldwide collection of four to five star hotels.

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