Posted October 11, 2018 11:29:33The Hershey Hotel & Resort, a former auto manufacturing and food processing facility, has been bought by an investment group led by Hershey Capital Management LLC, the company announced Thursday.
The hotel’s new owners include the Hershey Corporation, which operates several hotels in the state, including the historic Downtown Hotel and the Hersheys Grand Ballroom.
The new hotel, which opened in March 2018, is expected to feature a spa, private meeting rooms, a sauna, a swimming pool and a heated outdoor dining area, the announcement said.
It also includes retail and dining options.
The hotel, in addition to being a major hotel in the region, also has been a venue for concerts, sporting events, festivals and other events.
The company said that the HersHEYS Grand Ballrooms will also be renovated to include a private, heated outdoor courtyard.
HersHEYS Capital Management, led by former CEO David P. Stowe, bought the Hersherys property in April 2018 for $2.4 billion, bringing its total investments in the company to $8.8 billion.
HesHEYS also owns the Hership, the Hershelton and the East Side Hotels, according to its website.
The HersHEys Grand Balls, located on the former site of the Hershell auto plant, are considered a national landmark and a place of pilgrimage for local and regional businesses.