CINCINNATI-21c Museum Hotels has started renovation works of the famous Metropole Hotel, which will be converted to 21c Cincinnati hotel.

CHICAGO-Starwood Hotels & Resorts Worldwide Inc. has sold its W Chicago City Center hotel, a 368-room hotel in downtown Chicago, to Chesapeake Lodging Trust for $128.8 million or nearly $350,000 per room.

COLLEGE PARK, MD-Bobby Flay is opening a burger restaurant in College Park.

STAFFORD, VA-MetroStar Systems, an information technology company based in Reston, has moved its Stafford location in preparation for its future growth.

NEW YORK CITY-Five Mile Capital, a private equity firm, has reached a conditional deal to purchase a $465-million troubled loan on 79 Red Roof Inns.

ORLANDO-Marketplace Advisors, Inc. has brokered two long-term retail leases totaling 3,540 square feet at Blue Heron Beach Resort Shopping Center in Lake Buena Vista.

CHICAGO-Related Midwest has inked a letter of intent with group of lenders, including Bank of America Corp., to form a joint venture to develop Waterview Tower, an unfinished condominium-and-hotel development at 111 W. Wacker Drive.

MAITLAND, FL-NAI Realvest has brokered a new lease deal for an industrial space in Orlando.