Laurus Acquires Hunt Valley Inn in Maryland; Taps Concord to Manage
Wednesday May 15th, 2013 - 9:31AM GEO
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HUNT VALLEY, MD— Laurus Corporation has acquired the 392-room Hunt Valley Inn here for an undisclosed amount and appointed Concord Hospitality to operate the hotel.
The hotel will immediately undergo a $10 million renovation and conversion to a Wyndham Grand Hotel. The Hunt Valley Inn’s renovation will touch all aspects of the guest experience and includes upgrades to the 33,000 sq. ft. convention and meeting space, indoor and outdoor pre-function areas, including a new event lawn, guest room upgrades, and a re-imagined restaurant and lounge, all designed to bring the hotel to a new level of refinement and establish it as a regional destination.
During the renovation, the hotel will operate as a Wyndham affiliate, giving business travelers the added benefits of a major brand affinity program.
Tags: • Hospitality • Acquisitions • Construction/Renovation • Management Companies •
For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.