Historic Cincinnatian Hotel hits the sale block

The landmark Cincinnatian Hotel is on the selling block, reports the Cincinnati Business Courier. Local insurance company American Financial Group has owned the 146-room hotel since the early 1990s.

While no one at American Financial or the current GM of the hotel substantiated that the property is, indeed, for sale, the Business Courier cited a hotel employee, who said the company’s roughly 150 workers were told verbally last week that the property is for sale.

A sale price might be in the neighborhood of $30 million or more, the Courier said.


Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Suggested Articles

As well as acquiring a stake in the company, The Silverstone Cos. has also gained exclusive rights to development in Asia.

The real estate investment trust plans sell the InterContinental Buckhead Atlanta and Sofitel Washington DC Lafayette Square.

If the Barclay brothers sell the Ritz Hotel for the rumoured £800m to a consortium of Saudi Arabian families it will have increased in value 150 times