City of Green Bay completes Clarion sale

Green Bay completed the sale of a former Clarion Hotel property.

The hotel, on the east bank of the Fox River and adjacent to the KI Convention Center, was sold to Fox River Hospitality  for $2.7 million. An affiliated entity, American Hospitality Management, will operate the hotel, which is in the early stages of renovation. It will reopen as a Hampton Inn.

The city purchased the property, 200 Main St., out of receivership in March 2013 to protect plans for expanding the KI Convention Center and connecting to the hotel. It was known as Holiday Inn-City Centre for many years before switching to the Clarion brand.

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Three months after the purchase, city officials announced they would sell the 146-room hotel to American Hospitality Management, which already was managing the hotel and pledged full cooperation with the convention center project. Based in Cheboygan, Mich., the company operates 22 hotels and has an ownership stake in about 12 hotels.

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DTZ Investors has purchased the property along with other real estate for more than £70 million.

The company will sell an approximately 5 percent stake in the Shanghai-based hotel operator and franchisor for a nine-figure sum. 

Over the span of a few weeks, four hotels—three Marriott brands and a Cambria Hotel—have opened in the Phoenix area.