LXR Hotels & Resorts Reveals Plans To Enter Seattle
Hilton (NYSE: HLT) has signed an agreement with the new owners of Hotel 1000 in Seattle. Lighthouse Investments and ESI Ventures with equity financing from Kildare Partners acquired Hotel 1000 last month and plan to transition the property to LXR Hotels & Resorts, in August. LXR Hotels & Resorts feature a selection of unrivaled luxury properties that thrive independently, each providing a unique and locally immersive experience. The collection was developed based on demand for top-tier properties that retain their unique identity and market prominence in the luxury space, and that are backed by the strength of the Hilton enterprise and its award-winning Honors program.