PASADENA, CALIF. — Urban Commons, LLC and Brighton Management have acquired the 333-room Sheraton Pasadena Hotel. The hotel is located at 303 Cordova Street near the Rose Bowl, the Norton Simon Museum, and The Huntington Library and Botanical Gardens.It is the only hotel that is situated directly next to the Pasadena Convention Center. The area falls within the city’s redevelopment district, which recently received a $150-million renovation and expansion.
The Sheraton Brand has made a full 20-year commitment to keep the hotel under the Sheraton flag. The new owners plan to modernize the property, which contains a restaurant and bar, 12,000 square feet of interior meeting space, an exercise facility, outdoor heated swimming pool and tennis courts.