The property fell into foreclosure in 2019 and the lender iBorrow of Los Angeles had announced a comprehensive renovation with plans to reopen as a Raddison hotel.
But work stalled during the pandemic and now iBorrow has announced plans to convert the former 219-room hotel into living units with a 24-hour fitness center, resort-style pool, and other amenities.
Located at Northwest Expressway and May Avenue, the new name will be Highland Tower with an opening planned for the summer of 2022.
