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« Rochester Asphalt + new HQ | Main | More detail on Sunstone hotel deal in Roch. »

April 22, 2010

Sunstone to retain downtown Roch. hotels

6a00d83451cc8269e2012876b8fdc2970c-800wi-1 Remember how Sunstone Property Investors had defaulted on two downtown Rochester hotels?

Well, today Sunstone announced it had paid off all the debts and will keep ownership of the downtown Marriott and the Kahler Inn & Suites.

Here's a little from the statement Sunstone's PR firm from Wisconsin (the same ones that represent the Rochester Visitors and Convention Bureau.)

A little more is posted here on the main P-B Website. I might have some more info to add for Friday's paper.

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Sunstone Hotel Investors Inc. will continue to maintain ownership of five hotels serving Mayo Clinic, as well as business and leisure visitors to Rochester.

The company has repaid all of the outstanding debt for both the Marriott Rochester Mayo Clinic and the Kahler Inn & Suites.

Furthermore, Sunstone says it will soon kick off a multi-million dollar investment in the Rochester hotels.

Comments

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Too bad that hopefully was going to be a positive change to those properties

I must agree with IP43. These two hotels could have greatly used some new ownership. Not to mention the Kahler Grand as well. The management of these hotels need to wake up and realize what travelers expect these days. Yes their prices may be somewhat competitive, but I could make a list of half a dozen budget and extended stay hotels in town that have a more friendly and helpful staff, non-arrogant management and are actually enjoyable to stay at.

One other afterthought. In the remodel hopefully they actually invest in something more than new chairs in the lobby. I remember visiting with management at the Kahler after their last "multi-million dollar update." I was given the response that they just had, less than two years ago. Shortly after that I got stuck in a room that clearly hadn't been remodeled in nearly a decade.

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