Story: Joseph N. DiStefano
Wilmington-based developer and hotelier Buccini/Pollin Group has agreed to acquire the struggling city’s landmark Hotel du Pont from DuPont Co.
Buccini/Pollin’s PM Hotel Group will continue to run the 217-bed hospitality complex, with its ornate Gold Ballroom and fancy Green Room restaurant, under the Hotel du Pont name. The parties declined to disclose terms of the deal.
The property transfer, scheduled to close Feb. 28, will end the last of DuPont’s former headquarters operations in its longtime hometown, as the company consolidates to suburban offices in preparation for its merger with Dow Chemical Co. DuPont says it’s also looking for buyers for its country club and three golf courses near its recently consolidated headquarters and labs just west of the city.
Click here to continue reading.
RELATED NEWS
The Buccini/Pollin Group Mentioned in Delaware Business Times: BPG Acquires Baltimore Hotel For $80 Million
By Jacob Owens for Delaware Business Times BALTIMORE – The Buccini/Pollin Group (BPG) has acquired the Renaissance Baltimore Harborplace Hotel, continuing to build its portfolio of Marriott-affiliated hotels around the nation […]
Read More
The Buccini/Pollin Group Mentioned In BisNow: Delaware Developer Buccini Is Bullish On Wilmington
By Jonathan Berr for Bisnow The Buccini/Pollin Group co-President Chris Buccini is as excited as ever about his company’s hometown of Wilmington, Delaware, even as the firm continues to grow […]
Read More
BPG Senior Vice President, Brandon S. Flury Discusses Crowdfunding To Source Investment For Commercial Real Estate on The Motley Fool - A Multimedia Financial Services Company
An Insider’s View into CRE Crowdfunding 6.19.2019 – The Motley Fool, LLC With over twelve years of professional real estate experience, Senior Vice President Brandon S. Flury for […]
Read More