The largest hotel on Hilton Head Island, the Westin Resort, has been sold to the investment arm of Starwood Hotels and Resorts for almost $74 million.


the luxury Westin Resort on Hilton Head

This marks the first change in ownership for the Westin since the original Hotel-Intercontinental was sold to the Westin Group, owned by Aoki Corp, in 1988.

There are currently no plans to change anything at the Westin Resort Hilton Head, staffing levels will not be affected, nor is any name change in the offing. The Westin has recently undertaken $3.5 million in renovations, including the outdoor deck, upgrades to the indoor swimming pool and fitness center. A full health spa is also planned.

The buy out reflects a more bullish market for Hilton Head hotels and resorts, with occupancy increasing each year since the attacks of September 11, 2001, and room rates also rising, up more than 2.5% last year.

This entry was posted on Monday, October 18th, 2004 at 7:02 pm and is filed under Hilton Head News, Hotels. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.