The Loews Don CeSar Hotel sold to Host Hotels & Resorts |


The Pink Palace on St. Pete Beach has a new owner. The Loews Don CeSar Hotel was purchased by Host Hotels & Resorts and will be managed by Davidson Hotels & Resorts, according to a Loews spokeswoman. Prudential Insurance has been the majority owner of the historic 277-room hotel on St. Pete Beach for more than 12 years, and Loews Hotels managed the property and owned a 20 percent stake. A Loews Hotels spokeswoman said that local hotel staff found out about the sale Tuesday.