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 •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.