LEOMINSTER, MA The Procaccianti Group, a New England-based full-service hotel ownership, management and construction company, completed the acquisition of the 189-room Leominster Four Points Hotel by Sheraton here. The property was purchased from Felcor Lodging Trust, a REIT based in Irving, TX. Jim O Connell of O Connell Hospitality brokered the sale. The new owners will invest approximately $3 million to upgrade guestrooms and function space. A new state-of-the-art exercise facility and high-speed Internet access also will be added. The seven-story hotel is located near Cisco Systems and Devens Technology Park, and includes 14,000 square feet of meeting space and two restaurants. (12/28/00)
Previous ArticleUSA Technologies, IBM Extend Hotel Industry Presence
Next Article Paris Ritz To Build ‘Discreet’ Exit