WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT - News) and Crown Center Redevelopment Corporation today announced that the Hyatt Regency in Kansas City will fly the Sheraton flag and undergo an $13 million renovation to bring the 733-room property up to Sheraton brand standards. Sheraton Crown Center is scheduled to make its debut on January 1, 2012 and
I wonder why after all these years the owners decided to reflag this Hyatt to a Sheraton?
Did Hyatt not want the hotel, did they want to many product improvements?
This is a flagship hotel- granted KC is not exactly downtown Manhattan, but it still a pretty hefty loss of fee income