By Liviu Oltean, Associate Editor<\/p>\n
Richfield Hospitality, a Denver-based hospitality management company focusing on maximizing profit and improving asset values for hotel owners, has added four properties to its portfolio: Crowne Plaza Melbourne Oceanfront Resort in Florida, DoubleTree by Hilton Hotel Dallas-DFW Airport North in Irving, Texas, Four Points by Sheraton Philadelphia Northeast, and Crowne Plaza Pittsburgh Airport Hotel in Coraopolis.<\/p>\n
According to the CityBizList<\/em>, the four hotels will undergo renovation and repositioning for a total amount of $12 million investment.<\/p>\n The Crowne Plaza Melbourne Oceanfront Resort and Spa is a 270-room hotel that will be completely renovated; DoubleTree by Hilton is a 282-room hotel that was recently reconditioned and rebranded by Hilton, while the Four Points hotel features 190 rooms. The 193-room Crowne Plaza Pittsburgh Airport Hotel will also be completely reconditioned and will be rebranded as a Sheraton hotel.<\/p>\n \u201cWe expect to accelerate our growth in the coming months, both on the Richfield and Sceptre sides of our business,” said Greg Mount, president of Richfield Hospitality.<\/p>\n Mount added that there are various start-ups that have been struggling during the financial crisis. According to him, these companies are in dire need of consolidating with a larger company that has the systems and economies of scale in place.<\/p>\n Richfield Hospitality is part of City Developments Limited, one of the world\u2019s largest real estate, hotel investment and technology conglomerates with a market capitalization of over $6 billion.<\/p>\n In regional news, PwC will expand their U.S. Steel Tower office in the CBD building by adding 12,000 square feet, reports CityBizList.<\/em>\u00a0The 64-story CBD is Pittsburgh\u2019s highest building, encompassing about 2.3 million square feet of class A office space.<\/p>\n PwC has received a $431,250 funding offer from the Department of Community and Economic Development. The funding consists of a\u00a0\u00a0$125,000 opportunity grant, $56,250 in job-training assistance, and $250,000 in job-creation tax credits.<\/p>\n","protected":false},"excerpt":{"rendered":" By Liviu Oltean, Associate Editor
\nRichfield Hospitality, a Denver-based hospitality management company focusing on maximizing profit and improving asset values for hotel owners, has added four properties to its portfolio: Crowne Plaza Melbourne Oceanfront Resort in Florida, DoubleTree by Hilton Hotel […]<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1602],"tags":[],"class_list":["post-1004052388","post","type-post","status-publish","format-standard","hentry","category-latest","category-pittsburgh"],"acf":[],"yoast_head":"\n