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October 20, 2004

Distinguished Hotels International, a marketing and management consortium of more than 150 independent hotels in Europe, Africa and North America, will debut next month. The company will be headquartered in New York City with sales offices there and in London.

On Oct. 12, InterContinental Hotels Group announced the opening of the 225-room Crowne Plaza King of Prussia-Valley Forge, 20 miles south of Philadelphia. The hotel was converted from a Holiday Inn after a $20 million renovation, and has 24,000 square feet of meeting space, including a 3,000-square-foot amphitheater.

The FelCor Lodging Trust has sold the 506-room Harvey Hotel, near Dallas/Fort Worth International Airport, to the Procaccianti Group. The property, which offers 37,000 square feet of meeting space, will be renovated and rebranded as a Westin hotel.

Donald Trump is a step closer to building a 90-story skyscraper on the site of the former Chicago Sun-Times headquarters. Last Friday, publishing company Hollinger International announced the sale of its interest in Trump International & Tower development to Trump, giving the developer full ownership of the property. The 2.6 million square foot, 90-story tower will feature 227 hotel condominiums, two ballrooms, a spa, a conference center and a 1.2-acre river promenade. "When completed, Trump International Hotel & Tower will be one of the finest buildings anywhere in the world, in what has long been considered to be the best location in Chicago," said Trump. The skyscraper is set for completion by 2007.