Delaware group buys Hilton Knoxville for $25 million

The Hilton Knoxville has a new owner: The Buccini/Pollin Group, a development and management company based out of Delaware, finalized the purchase of the 317-room downtown hotel last week for just over $25 million. 

WBIR reports that the group plans to invest more than $2 million into upgrades that include doubling the size of its Starbucks and creating a spruced up beer garden featuring live music and food.

"We are long-term owners and operators and look forward to investing in this hotel," ownership said, "and we're going to be here employing people in the community and growing here (and) attracting business to this community that may not be here currently. And, by making investments in this hotel, we think it can be an even better resource for the city."

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