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Business Council of Westchester

Business
Five-Star Hotel To Replace Ritz-Carlton In White Plains Five-Star Hotel To Replace Ritz-Carlton In White Plains
Five-Star Hotel To Replace Ritz-Carlton In White Plains The iconic Ritz-Carlton hotel in Westchester will be undergoing renovations for several months for an elaborate “re-branding.” Glacier Capital Partners, which owns the hotel in White Plains, announced plans for renovations that are “emphasizing the company’s long-term investment in the future of the luxury complex located in the heart of Westchester County.” Renovations are scheduled to begin this summer, forcing a temporary closure, with plans to reopen early next year, now as part of Marriott International’s Autograph Collection brand, which includes nearly 200 luxury hotels across …

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by Zak Failla
Business
Westchester County Association Will Merge With Hudson Valley Economic Development Corp Westchester County Association Will Merge With Hudson Valley Economic Development Corp
Westchester County Association Will Merge With Hudson Valley Economic Development Corp Two of the area’s leading business advocacy organizations will soon become one, following the announcement of a major merger between the Westchester County Association and the Hudson Valley Economic Development Corp.The deal, announced on Tuesday, Jan. 29, will center on strengthening the economy in the Hudson Valley. The new organization - which has not been given a designated name - is expected to take effect later this year. When the merger is complete, current WCA Chairman William Harrington is expected to serve as the chairman of a unified board of directors. Bill Mooney, the president …

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by Zak Failla
Business
MGM Resorts Buys Empire City Casino, Yonkers Raceway For $850 Million MGM Resorts Buys Empire City Casino, Yonkers Raceway For $850 Million
MGM Resorts Buys Empire City Casino, Yonkers Raceway For $850 Million This story has been updated. MGM Resorts International and MGM Growth Properties LLC announced that MGM Resorts has entered into an agreement to acquire the Empire City Casino's race track, Yonkers Raceway, and the casino for $850 million.  MGM Resorts and MGP have entered into an agreement whereby MGP will acquire the developed real property associated with Empire City from MGM Resorts and lease it back to a subsidiary of MGM Resorts, after which a subsidiary of MGM Resorts will operate the property, it was announced on Tuesday morning, May 29. "We are excited to announce the additio…

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by Jon Craig