Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced that its Le Méridien brand is picking up even more momentum in North America with a new hotel planned for Cleveland, Ohio. Le Méridien Cleveland will open in January 2016 following the completion of a highly anticipated, adaptive re-use project that will join together and transform two adjacent, historic buildings on Euclid Avenue. Owned by JHB Hotel, LLC, Le Méridien Cleveland will be the brand’s third historic adaptive re-use project in North America, following Le Méridien Philadelphia and Le Méridien Tampa, showcasing a timeless chic design ethos that juxtaposes traditional architecture with contemporary style.
“Le Méridien Cleveland will build upon the brand’s success with historic, adaptive re-use projects and provide travellers with an enticing new option in the heart of Cleveland’s thriving theatre district,” said Allison Reid, Senior Vice President of North America Development, Starwood Hotels & Resorts Worldwide, Inc. “We are thrilled to work with JHB Hotel, LLC to introduce this contemporary lifestyle brand to Cleveland as part of the city’s on-going downtown rejuvenation.”
Formerly known as “Millionaire’s Row,” Euclid Avenue was home to the city’s most affluent citizens and a must-see destination for European travellers in the early 1900s when Cleveland was a major manufacturing hub. The new Le Méridien Cleveland will be developed at 1001-1101 Euclid Avenue as part of a visionary project that will connect and transform two adjacent buildings – the John Hartness Brown Building (JHB Building), originally constructed in 1901 as a multi-story office building with retail space, and 1101 Euclid Avenue, built in 1915 as an office building. The development will also include 10,500 square feet of ground-floor retail space and a 125-space parking garage.
Situated in the heart of the city’s bustling theatre district, Le Méridien Cleveland will be adjacent to Playhouse Square, the second largest theatre complex in the United States, and walking distance to the newly developed Horseshoe Casino and Cleveland Convention Center. Nearby attractions include the city’s vibrant East 4 th Street entertainment district, Progressive Field and Cleveland Browns Stadium. Guests will enjoy easy access to the rest of the city via the HealthLine Bus Rapid Transit (BRT) system and Cleveland’s RTA Free E-Line Trolley.“We’re thrilled to debut Le Méridien in Cleveland as part of the brand’s aggressive expansion in North America,” said Brian Povinelli, Global Brand Leader, Le Méridien and Westin Hotels. “Since acquiring the brand in 2005, Starwood has made significant investments in redeveloping Le Méridien, which connects with guests through the art, culture and cuisine in key cities around the world, and we look forward to playing a significant role in the resurgence of Downtown Cleveland.”
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV