Winston Hotels buys Iowa hotel in joint venture

09/13/2004 | American City Business Journals

A joint venture including Winston Hotels, of Raleigh, N.C., has purchased the 95-room Quality Suites hotel in West Des Moines, Iowa, for $4.45 million. The joint venture also includes Charlesbank Capital Partners LLC and Concord Hospitality Enterprises Company. The property will receive a $2.7 million renovation and is expected to be converted to a 97-room SpringHill Suites by Marriott during the first quarter of 2005.

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