years, Stouffer bought it outright from May-Wash in 1991 for just over $100 million. In April 1993, Stouffer Hotels was sold by Nestlé to New World Development Company of Hong Kong. Nestlé also gave New World the right to use the Stouffer brand name for 3 years, from 1993 to May 1996. New World already owned the Renaissance Hotels chain, and merged the Stouffer-branded Hotels into it. The Mayflower was renamed the Stouffer Renaissance Mayflower Hotel. In early 1996, the Stouffer branding was retired, and the hotel became the Renaissance Mayflower Hotel. Marriott International bought Renaissance Hotels from New World in February 1997. Investment groups Marriott sold The Mayflower to Walton Street Capital in 2005, in a package with seven other Marriott hotels, for a total of $578 million. Walton Street resold the Mayflower to Rockwood Capital in 2007 for $260 million, financed with a $200 million securitized loan. The hotel, appraised at $285 million in 2008, fell in value to $160 million by 2010. With Rockwood's loan over-leveraged, they refinanced the hotel in 2015, with a $160 million loan from Apollo Commercial Real Estate Finance Inc. and other lenders. Also in 2015, Rockwood sold off 71 of the hotel's rooms to Marriott for $32 million, for use by the company's Marriott Vacation Club Destinations time-share division. In May 2015, the hotel switched from Marriott's Renaissance Hotels brand to Marriott's Autograph Collection brand, dropping the word "Renaissance" from its name. The move was prompted by studies which showed that younger travelers were not brand-loyal and instead looked for individuality and uniqueness when shopping for a hotel stay. Marriott also learned that few travelers knew the Mayflower was a Renaissance Hotel, which made the branding superfluous. A $20 million refurbishment of all rooms and the creation of a club level was completed in August 2015. Each floor of the hotel was given a theme corresponding to a decade, with the second floor devoted to the 1920s, third floor to the 1930s, and so on to the tenth floor. Each room received updated, modern furniture, and the hallways were wallpapered in grey and white with a pattern reminiscent of the lobby mezzanine railing. Each of the hotel's presidential suites also received a complete makeover, and now have a separate office. Rooms on the seventh floor were eliminated to make space for the Marriott Vacation Club Pulse. This left the Mayflower with a