“A group of doctors and entrepreneurs” calling itself New Era Hospitality is the mystery buyer of the long-abandoned 31-story former Days Inn-former Holiday Inn-former Heaven on Earth Plaza Hotel on St. Joseph Parkway between Travis and Milam, reports Nancy Sarnoff in the Chronicle:
. . . demolition has already started on the interiors, which are being gutted and will be replaced with 340 modern suites, 60 standard guest rooms, 32,000 square feet of meeting space and a swimming pool and bar on top of the attached garage.
That’s down from 600 rooms in the original structure. New Era is hoping either Sheraton, Marriott, or . . . Holiday Inn (again!) will operate the property when it’s finished, in January 2010.