WEST PALM BEACH, FL Meyer Jabara Hotels completed its purchase of the 10-story, 257-room Holiday Inn at the Pittsburgh International Airport for $7.8 million. The hotel will undergo a $3 million renovation by the middle of 2001, which will include upgrades to the guestrooms, corridors, restaurant, lounge, banquet space and exterior. It is anticipated that the propertys 74% occupancy and $75 rate will increase significantly upon completion. (12/13/00)
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