DHG Closes Fitzpatrick Deal Signaling Affinia Expansion
NEW YORK, NY, April 5, 2006. In its first step toward national expansion of the Affinia brand, Denihan Hospitality Group (DHG) has finalized the purchase of the Fitzpatrick Chicago Hotel for an undisclosed sum. The hotel will now operate as the Affinia Chicago and marks the brand's initial expansion outside New York City.
DHG, a family-owned company with more than 40 years hospitality management experience, currently owns six hotels in New York, operating five under The Benjamin and Affinia Hotels brands and managing several other independent properties.
According to Patrick Denihan, co-CEO of DH, the acquisition of the Affinia Chicago is a major stepping stone toward the goal of extending the Affinia brand portfolio nationally into the top 25 U.S. markets.
The Affinia Chicago will undergo a $10-million-plus renovation, including repurposing existing office space to increase the number of guestrooms to 204 from 140, as well as doubling meeting space from the current 2,500 square feet to 5,000 square feet.
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