Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced plans to open both a Sheraton and Le Méridien hotel in Charlotte's bustling uptown business district as part of a $20 million conversion and renovation project. Sheraton Charlotte Hotel and Le MéridienCharlotte will each occupy one tower of a massive hotel complex, currently operated as The Blake Hotel. Owned by Carolina Hospitality and managed by Wischermann Partners, Sheraton Charlotte Hotel will open on August, 15.
The other hotel tower will operate as an independent hotel through renovations and re-open as Le MéridienCharlotte in January 2014.
"This strategic conversion project gives Starwood the opportunity to both debut Le Méridien and expand the Sheraton portfolio in Charlotte, the second largest banking center in the United States after New York City," said Allison Reid, Senior Vice President of North American Development. "The opening of Sheraton Charlotte Hotel will accelerate the Sheraton brand's global $8 billion expansion effort, while Le Méridien Charlotte will provide even more momentum to the global brand's portfolio growth across North America."
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