UK's Millennium Hotels continues North American investment

In February, Millennium Hotels & Resorts said it would continue to invest heavily in its North American portfolio of 14 hotels, as part of its commitment to ensuring its properties were at the top of their game in their respective markets. To date, the London-based company's capital investment in upgrades and renovations, which began in 2012, totals over $200 million, with more hotels slated to go under construction later this year, including in Boston and Buffalo.

Millennium's global portfolio stands at 110 hotels, and the company not only manages but owns every one of its properties.

Four Millennium properties already have wrapped up major overhauls. The One UN New York (formerly the Millennium UN Plaza Hotel) debuted its new $30 million, 154-room West Tower in 2012. Besides a new lobby, a new private Skyline Club on the tower's 30th floor has its own concierge services, all-day refreshments, evening cocktails and hors d'oeuvres.


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This month the 248-room Lakefront Anchorage, formerly known as the Millennium Alaskan Hotel Anchorage, wrapped up an $8.3 million renovation, which included an overhaul of its guests rooms, lobby and meeting space. The hotel is the only lakeside property in Alaska's capital.

Currently undergoing a makeover is the 683-room Millennium Biltmore Los Angeles. When unveiled, its updated guestrooms will have a gray palette on top of its 1920s Italian Renaissance architecture. The hotel's four ballrooms and meeting space, which total 70,000 square feet, also are being refreshed.

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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.