cambridge landmark
Interstate Hotels & Resorts Retained by Cambridge Landmark to Manage The Citizen Hotel, Autograph Collection
Interstate Hotels & Resorts | July 30, 2019
ARLINGTON, Va. – July 30, 2019 – Interstate Hotels & Resorts – a leading, global third-party hotel management company – has been selected to continue the successful management of the iconic Citizen Hotel, Autograph Collection in Sacramento, California, with a long-term agreement with new hotel owner Cambridge Landmark. Cambridge Landmark has plans to make guestroom renovations and updates to the common areas and the top-rated, farm to fork Grange Restaurant & Bar. "The Citizen is well positioned to continue its leadership in the market with Interstate’s strong management team and continued upward performance at the hotel...
Cambridge Landmark Expands Hospitality Portfolio With Acquisition of Historic Boutique Hospitality Property, The Citizen Hotel in Sacramento, CA.
Cambridge Landmark | July 29, 2019
MIAMI, July 29, 2019 -- Cambridge Landmark, a hotel-focused private equity company, recently announced that it has closed on the acquisition of The Citizen Hotel, a renowned 196-room boutique hotel located in Sacramento, CA. The hotel has been part of the Marriott Autograph Collection since 2015, and will retain that designation under its new ownership. "This acquisition demonstrates Cambridge Landmark's focus on ownership-driven hotel investment with assets in prime U.S. domestic markets," said Pedro Miranda, co-managing partner. "This historic property in downtown Sacramento continues the growth of our portfolio," add...
Interstate Selected by Cambridge Landmark to Operate 759-Room Philadelphia 201 Hotel in Downtown Philadelphia
Interstate Hotels & Resorts | April 2, 2019
ARLINGTON, Va., April 2, 2019 -- Interstate Hotels & Resorts, the leading global third-party hotel and resort management company, has been selected to continue the successful operation of the Philadelphia 201 Hotel, the second largest hotel in the city. Recently acquired by private equity company Cambridge Landmark, the transaction included a new franchise agreement with Marriott for the property to become a Sheraton upon completion of a $28 million renovation. The transformation is part of Sheraton's latest vision announced in June 2018, featuring the new Sheraton guestroom and public spaces that bring to life its signature foc...
Cambridge Landmark Acquires Former Sheraton Downtown Philadelphia From The Blackstone Group
Cambridge Landmark | March 13, 2019
MIAMI, March 13, 2019 -- Cambridge Landmark, a hotel-focused private equity company, recently announced that it has closed on the acquisition of the former Sheraton Downtown Philadelphia, a 757-room full service hotel located in Center City and two blocks from the Pennsylvania Convention Center. The hotel currently operates as the Philadelphia 201 Hotel under the Marriott reservation system. With the closing of this transaction, a new franchise agreement has been signed with Marriott International for the property to regain the Sheraton brand upon completion of a $28-million renovation focused on upgrading the rooms, creating new suites...
