glenmont capital management, llc
Glenmont Acquires Radisson Hotel Cleveland-Gateway to Be Rebranded as Hotel Indigo Following Comprehensive $7 Million Renovation
Glenmont Capital Management | March 12, 2019
NEW YORK -- Glenmont Capital Management, LLC, founded in 2000 by Lawrence A. Kestin, a New York-based real estate private equity fund manager announced the off-market acquisition of the Radisson Hotel Cleveland-Gateway. The 143 key hotel features a business center, fitness center, approximately 3,500SF of meeting space and the Gateway Bar and Grill. The hotel, located at 651 Huron Road, benefits from an A+ location, ideally situated among the Cleveland CBD's 14.9 million square feet and is the closest accommodation to both Quicken Loans Arena and Progressive Field. The Hotel will initially operate under the Intercontinental Hotel Group ...
Glenmont Acquires Downtown Detroit Hotel to Be Rebranded to a Boutique Hotel Indigo After a Comprehensive $10 Million Renovation
Glenmont Capital Management | April 25, 2018
NEW YORK--Glenmont Capital Management, LLC, a New York-based real estate investment firm led by Managing Principal, Lawrence A. Kestin, announced the acquisition of the 241-key Holiday Inn Express & Suites Detroit Downtown. The property will undergo a comprehensive $10 million renovation and upon completion will be rebranded to an upscale boutique Hotel Indigo. Construction is scheduled to commence in late 2018. Located at 1020 Washington Boulevard in downtown Detroit, the hotel contains 2,000 square feet of meeting space, a business center, fitness center and rooftop pool. The hotel is conveniently situated among the CBD's 16.8 mil...
