Portman Holdings has acquired the Westin Cincinnati, a 456-key, full-service hotel located on Fountain Square in the heart of downtown.
The hotel features 456 spacious rooms and suites, more than 30,000 square feet of meeting and event space, a restaurant and bar and a 24-hour fitness studio. The acquisition deepens Portman’s commitment to Cincinnati, with the firm already serving as the master developer for the new Convention Center Headquarters Hotel that will anchor the $828 million Convention District redevelopment. Portman recently announced Marriott as the official partner for the new 700-key, full-service hotel.
The deal marks Portman’s first hotel acquisition. “The Westin Cincinnati is a terrific representation of the opportunity we are seeking across our hospitality platform: a world-class brand, impactful and irreplaceable real estate in a major market, and the potential to create long-term value through thoughtful investment and operational enhancement,” said Kaunteya Chitnis, Managing Director of Hospitality at Portman.
The post Developer Acquires Downtown Cincinnati Westin Hotel appeared first on Connect CRE.
