320 replies to this topic

[zman9810]

Mith242, on 17 November 2011 - 04:39 PM, said:

Apparently when it re-opens the name of the former Cosmo will be The Chancellor.  A name that ties into the university ties the city has.  Sounds like the hotel was purchased for around $4 Mil, they're spending around $7 MIl for a 'facelift' for the hotel.  After new furnishings and equipment total costs is expected to be around $20 Mil.

Considering it sold for an est.. $16 million in 2006 that was quite a bargain- no wonder they jumped at it.