RockBridge Partners, an affiliate of RockBridge Capital, has acquired the 197-room, full-service Sheraton hotel located in Ann Arbor, Mich. RockBridge will complete a comprehensive $8-million renovation of the property and convert the hotel from a Four Points by Sheraton to the flagship Sheraton brand.

The renovation will commence in December 2010 and will be completed prior to the University of Michigan graduation ceremonies in May 2011, at which time the conversion will take place. Every aspect of the hotel will receive upgrades including an enhanced exterior facade, full renovation of the public areas including the lobby, restaurant and lounge, expansion of the existing fitness center and enhanced meeting space. The guest rooms will be fully refurbished with upgraded bedding and a comprehensive soft and case goods package.