Hotel@MIT to Become a Le Meridien

Welcome, or should we say “bienvenue,” to Cambridge, Le Meridien. The incoming owner of the Hotel@MIT (aka the University Park Hotel) has announced that the current Doubletree establishment, located in the University Park high-tech and biomedical area between Central Square and MIT, will become part of the luxury Le Meridien hotel group, the Boston Globe reports. Once the approximately $60 million sale is finalized later this week, the new owners, HEI Hotels & Resorts of Norwalk, CT, plan a $7.3 million renovation that will be completed in 2009, according to the paper. C’est vrai.

Bob is Xconomy's founder and chairman. You can email him at Follow @bbuderi

Trending on Xconomy