Thompson to add to portfolio

15 March 2005 by
Thompson to add to portfolio

US boutique hotel group Thompson Hotels is launching an aggressive expansion programme which will see it go from two to six properties by the year-end.

The group, which owns hotels in New York and Miami, took over the management of Hollywood's famous Hotel Roosevelt last month.

The 240-bedroom property, which also has 60 poolside suites, was the original site for the Oscars, and is currently undergoing a $20m (£10.6m) renovation expected to be finished by the end of next month.

A second new property, Six Columbus, will open in Columbus Circle, New York, in July. Thompson Hotels bought the 90-unit hotel, formerly called West Park, in 2001 for an undisclosed sum. It's currently undergoing a $14m (£7.4m) conversion.

Also under development is a third new hotel planned for Allen Street in Lower East Side New York. The unnamed new-build site is expected to cost $40m (£21.3m), and will open in summer 2006.

Further projects include a multi-thousand guest room and casino hotel in Las Vegas, a second Beverly Hills property, and a London site next year.

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