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Wednesday, March 26, 2008

Monterey, CA waterfront to get new hotel

from this morning's GlobeSt (3/26):

Last updated: March 26, 2008 09:20am

$80M Waterfront Hotel Set to Open
By Brian K. Miller

"MONTEREY, CA-The first new hotel to be built here in 20 years will open in May across from the Monterey Bay Aquarium. The 208-room InterContinental-branded Clement Monterey is a development of Pacific Hotel Management LLC, a San Mateo-based company that develops and manages all of the hotels owned by affiliates of Clement Chen & Associates. The total development cost is $80 million, a source familiar with the project tells GlobeSt.com." ...

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