City plans to buy Crowne Plaza Hotel - KWWL - Eastern Iowa Breaking News, Weather, Closings

City plans to buy Crowne Plaza Hotel


CEDAR RAPIDS (KWWL)--Cedar Rapids city officials are expected to announce the city's purchase of a struggling downtown hotel Monday.

Mangers of the Crowne Plaza Five Seasons Hotel told their 130 employees they will need find new jobs Sunday. Right now, creditors own the Crowne Plaza Hotel. They took ownership of the struggling hotel after foreclosing on the former owner.

The hotel will remain open until February.  After that the city will take control of it immediately.

City leaders plan to update the hotel alongside construction of a new convention center complex.

Monday afternoon, they will unveil the new renovation plans.

Powered by Frankly