The Park Plaza's previous owner said the hotel will likely need significant investment to keep its competitive edge following a $100 million renovation in 2016.

Hotel workers are on strike during the busy Labor Day weekend, as they call for higher wages and better working conditions. More than 900 employees at four Boston hotels walked off the job on Sunday.

That hotel, it turns out, is the 1,060-room Boston Park Plaza, which Sunstone Hotel Investors has sold to Parks Hospitality Holdings for a gross sale price of $370 million, or approximately ...

It was the breeding ground for underground electronic music, which now has morphed into a multi-billion dollar business. I first set foot into the Park Plaza Hotel as a 19-year-old.