Amadeusz Juskowiak

Four seasons buying marriott mhs hotel

Four Seasons Hotels Inc and VMS Realty Partners said they agreed to acquire the Santa Barbara Biltmore Hotel in California from Marriott Corp for undisclosed terms

Closing was expected by March 31 they added

The companies said they would jointly own the hotel and rename it the Four Seasons Biltmore at Santa Barbara They said they would spend more than 13 mln US dlrs to enhance the Biltmores position as one of the finest resort hotels in North America Chicagobased VMS Realty is a real estate and development firm

Reuter