Rockwood Capital acquires Aloft, Element Lexington in Mass.

Posted on February 7, 2013 by admin

Rockwood Capital has completed its purchase of the Aloft Lexington and Element Lexington in Lexington, Mass., from Starwood Hotels & Resorts Worldwide. The dual-hotel property, which includes 136 rooms under Aloft Lexington and 123 rooms by Element Lexington, was sold for $36 million. The new owner plans to retain the property's branding and place it under the management of Paramount Hotel Group. Read the Travel Daily News International story here.