A joint venture between Glenmont Capital Management and Resolution Services has purchased the Sheraton Orlando Downtown. The 341-room hotel recently underwent a $10 million renovation, and the new owners plan to invest an additional $4 million for necessary upgrades. The property has a contemporary lobby with bar and restaurant; 20,000 square feet of meeting space, including downtown’s largest ballroom; two floors of concierge level accommodations with a private lounge area; and a large swimming pool and pool deck.
According to the property’s website, the Sheraton Orlando Downtown Hotel will be leaving the Starwood system on January 16.
