Ownership
The hotel was bought by Sheraton Hotels in the early 1950s and operated as the Sheraton-Plaza Hotel until Sheraton sold it to John Hancock Insurance in 1973, when it regained its former name. John Hancock sold the hotel in 1989 to a subsidiary of Harvard University. In the mid-1990s, Harvard brought in Wyndham Hotels & Resorts to manage the Copley Plaza and it became the Wyndham Copley Plaza. Fairmont Hotels and Resorts then bought the hotel from Harvard in September 1996 and renamed it the Fairmont Copley Plaza. Fairmont sold the hotel to FelCor Lodging Trust Inc. in 2010 as part of a movement away from direct real estate ownership, but continues to manage it.
Read more about this topic: The Fairmont Copley Plaza Hotel
Famous quotes containing the word ownership:
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—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)