Posted Nov 27, 2007, 4:29 AM
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Join Date: Apr 2005
Posts: 655
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From: http://www.bizjournals.com/eastbay/s...=et62&ana=e_du
Quote:
Friday, November 23, 2007
Stanford plans high-end hotel
East Bay Business Times
A $465-a-night hotel on Sand Hill Road is being built by Stanford University to cater primarily to visiting venture capitalists and investors, according to reports.
Rosewood Sand Hill, a 21-acre complex at Sand Hill Road and Highway 280, is expected to cost about $200 million and open in 2009.
Dallas-based Rosewood Hotels & Resorts will run the facility for 20 years on Stanford-owned land, and Menlo Park will get about 10 percent of the proceeds.
Rosewood also manages the Carlyle in Manhattan and other high-end spots. Details of the deal between Rosewood and Stanford were not disclosed.
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