Cedar Rapids Weather
New Management at Crowne PlazaBy Justin Foss, Reporter
CEDAR RAPIDS - On Thursday, the previous owners of the Crowne Plaza Five Seasons hotel were removed from their posts.
Wednesday night we reported the owners of the hotel were heading into foreclosure. On Thursday, a new managing firm moved in. The mood at this hotel has changed completely in the last 12 hours. Thursday for the first time in a while, every employee looked us in the eye and said they are excited to go to work Friday. Out with the old, in the with the new. Because the current owners, Kronos Hotels, defaulted on their loan with lenders and an equity group, things are changing. The people who hold the purse strings for Kronos are taking control of 16 hotels now, which includes the Crowne Plaza Five Seasons. "The sun is shining and a beautiful day and we are going to start a new leaf at the Crowne Plaza," said Markita Grant, Crowne Plaza Employee. Prism Hotels and Resorts based in Dallas is now the interim manager until a month from now when the court decides the fate of Kronos Hotels. City Manager Jim Prosser is excited, he says Prism was one of the original bidders for the hotel, but Kronos won out. "For my recollection they will bring with them what is needed to help address some of the issues the hotel has," said Jim Prosser, Cedar Rapids City Manager. Prism is meeting with workers all day. Employees say they're already being reassured they will get paychecks that won't bounce along with insurance and proper vacation time. Another note, all the employees said the new managers will reopen the kitchens and get the restaurants going again in the near future. Prism managers wouldn't comment about the situation, they said they're only a few hours into this, but will be giving a comment very soon. We saw one of the former Kronos managers outside, but he declined to comment. More Good Stuff |
What's On KCRG
Most Popular >> |
Conversation Guidelines
Be Kind
Don't use abusive, offensive, threatening, racist, vulgar or sexually-oriented language.
Don't attack someone personally. Keep it civil and be responsible.
Share Knowledge
Be truthful. Share what you know and what you are passionate about.
What more do you want to learn? Keep it simple.
Stay focused
Promote lively and healthy debate. Stay on topic. Ask questions and give feedback on the story's topic.
Report Trouble
Help us maintain a quality comment section by reporting comments that are offensive. If you see a comment that is offensive, or you feel violates our guidelines, simply click on the "x" to the far right of the comment to report it.
read the full guidelines here »
Commenting will be disabled on stories dealing with the following subject matter: Violent crime, sexual abuse, Amber Alerts, Operation Quickfinds and suicides.
Most Popular >>