David Eisen

Starwood Hotels & Resorts, continuing its strategy to sell of assets, has put The St. Regis San Francisco on the market with an asking price of $140 million. That would be more than $530,000 per key for the 260-room hotel.

Chicago's second-largest hotel is being put up for sale, reports Crain's Chicago Business. And it's going to cost a tidy sum to acquire. Thor Equities, the owner of the historic 1,639-room Palmer House Hilton, is asking for as much as $500 million, $270 million more than it bought it for nearly...more >>

According to Jones Lang LaSalle, hotel deals soared in the first quarter, with sales volume reaching $5 billion for the Europe, Middle East and Africa region, up 45 percent from last year, The Wall Street Journal reports. While volume is expected to slow in the second half of the year, the total...more >>

Big-shot developer Larry Silverstein looks like he has convinced Four Seasons Hotels and Resorts to set up shop in Lower Manhattan. This according to the Jewish Business News, which reports that Silverstein Properties is proceeding with its project to build a 926-foot skyscraper at 30 Park Place in...more >>

Hotel sales activity in the first quarter picked up right where it left off in 2012, according to Jones Lang LaSalle. Global hotel investment volumes in the first quarter of 2013 remained heady at close to $11 billion, representing a 53-percent increase year-on-year. Activity was largely driven by...more >>

Upon last year's May announcement that Gaylord Entertainment had agreed to sell its Gaylord Hotels brand and the rights to manage its four hotels to Marriott International for $210 million in cash, and reorganize its hotel unit as a real estate investment trust, a plan was scrapped to move forward...more >>

It may have taken a while, but an article from The Wall Street Journal makes the case that lending for hotel construction is making a comeback. At the Meet the Money conference in L.A., some industry insiders said as much. “We’re really early in the game on the development side,” said Marty...more >>

According to multiple sources, Sunstone Hotel Investors has agreed to buy the 1,053-room Boston Park Plaza Hotel & Towers for $250 million. The REIT also plans to invest an undisclosed amount on renovations, including upgrades of the hotel’s elevators and facade. Longer term, the company may...more >>

Bloomberg reports that IFA Hotels & Resorts Co., a company partly owned by Saudi billionaire Prince Alwaleed Bin Talal, is in talks with several Middle East investors to sell the Fairmont Dubai, which sits at the trunk of Palm Jumeirah. Discussions convened as a who's who of hotel investment in the...more >>

AH&LA Summit offers guidance on lobbying Congress.