OTH Hotels Resorts Adds Two Properties to Portfolio
The management company assumes control of hotels in Kentucky and North Carolina with a combined 275 guestrooms.
Updated on Oct. 16, 2026 in Hotels
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OTH Hotels Resorts has added the Capital Plaza Hotel in Frankfort and the Four Points by Sheraton Greensboro Airport to its management portfolio. The two properties offer a combined 275 guestrooms, with OTH taking over all operational responsibilities.
Why it matters
The transition brings new management oversight to these distinct regional properties, setting the stage for planned capital improvements and service upgrades at both locations. OTH will manage the full scope of operations, including sales, marketing, and food and beverage services.
The acquisition includes 275 total guestrooms split between the 10-story Capital Plaza Hotel in Frankfort and the 112-room Four Points by Sheraton Greensboro Airport, which features 1,184 square feet of meeting space.
The players
OTH Hotels Resorts
This hospitality company provides comprehensive management services including staffing, sales, marketing, and food and beverage operations.
Capital Plaza Hotel
Located in Frankfort, this 10-story property built in 1983 will rebrand as The Franklin Hotel following planned renovations.
Four Points by Sheraton Greensboro Airport
This Greensboro-based hotel features 112 rooms and over 1,000 square feet of designated meeting space.
The details
OTH Hotels Resorts is overseeing all staffing and revenue management for the locations. The Capital Plaza Hotel, which was listed on the National Register of Historic Places in 2024, is scheduled for significant redevelopment.
Timeline
The Capital Plaza Hotel was originally developed in 1983.
The Capital Plaza Hotel was added to the National Register of Historic Places in 2024.
Renovations at the Capital Plaza site are scheduled to conclude in early 2027.
Travel Outlook
The integration of these properties reflects a wider trend in the hospitality sector where management firms prioritize redeveloping historic assets to modernize services for current travelers. This strategy follows the standards set by the National Register of Historic Places, ensuring that property renovations remain compliant with preservation requirements.
Guests currently booking rooms at the Capital Plaza Hotel should anticipate operational changes as the property transitions under new management. Travelers visiting the Greensboro location can expect updated service standards for events given the property's dedicated meeting space.
The takeaway
Travelers should watch for the planned rebrand of the Frankfort property into The Franklin Hotel, which aims to provide a refreshed guest experience by 2027. Future visitors to these locations may notice improved service quality as the new management group standardizes operations across the portfolio.
What happens next
The Capital Plaza Hotel is scheduled to complete a full renovation and rebrand as The Franklin Hotel in early 2027, which will feature 163 redesigned guestrooms and a new restaurant.
Further reading
For more on industry property transitions, visit our Hotels section.
Source note: This article includes information reported by Hotel Business.
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