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 | Newswire
Amanresorts' owner selling land to pay down debt 18 May, 2012
DLF, the owner of the Amanresorts chain and India's biggest real estate firm, is looking to offload non-core assets to pare debt, The Times of India reports. It has received offers of Rs 2,900 crore for its 17-acre plot in Mumbai's Lower Parel area. Mumbai-based builder Lodha Group and U.S. private...More>>
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 | Newswire
LaSalle Hotel Properties closes on $177.5M term loan 18 May, 2012
LaSalle Hotel Properties has closed on its new $177.5-million term loan. The seven-year term loan matures on May 16, 2019. The term loan was swapped to a fixed interest rate for the full seven-year term. The term loan's interest rate will be 3.87 percent when the REIT's leverage ratio is between...More>>
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 | Newswire
Germany remains Europe's strongest investment market for new hotel projects 18 May, 2012
According to Top Hotel Projects, Germany is set to absorb more than 54,000 new hotel rooms, which will put further pressure on the performance of the 16,000 already existing hotels in Germany. Over the next three to four years, more than 380 hotels will open their doors in Europe’s largest...More>>
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 | Newswire
Loan deal for stalled Ritz-Carlton, Rancho Mirage extended 18 May, 2012
The Rancho Mirage city council has given a conditional extension to a $20-million loan deal with the developers of the stalled Ritz-Carlton hotel, My Desert reports. The loan had been set to expire June 1. The new agreement extends it to June 25, and if developer Rancho California Investments pays...More>>
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 | Newswire
New hotel slated for Mall of America 18 May, 2012
Finance & Commerce reports that a new addition to the Mall of America will feature a hotel component. The $200 to $225 million Phase II of the mall's growth will be built on the property's north side with extra office and medical space. Mayo Clinic has already signed up to fill some of the medical...More>>
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 | Newswire
Malaysian REIT in talks to acquire three Marriott hotels in Australia 18 May, 2012
Malaysia's Starhill Real Estate Investment Trust has entered into talks to purchase three Marriott hotels from Colonial First State’s Commonwealth Property Hotel Fund.More>>
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 | Newswire
King & Grove Hotels acquires South Beach tract for $12.5M 17 May, 2012
CoStar Group reports that King & Grove Hotels, which owns the Hotel Williamsburg in Brooklyn and manages the Tides in South Beach, has acquired three parcels along Collins Avenue in Miami from Lease Florida LLC for $12.5 million. The deal represents a 0.639-acre tract. 1201 Collins Ave. is a...More>>
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 | Newswire
Brooklyn's Jehovah's Witnesses building to be converted to hotel 17 May, 2012
The Brooklyn Daily Eagle reports that the Jehovah's Witnesses have sold a building used for visitors to their headquarters in Brooklyn to Clipper Equity for an undisclosed sum. The building, called the Bossert Hotel, which before being taken over by the religious group was, in fact, a hotel, and...More>>
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 | Newswire
Renaissance Hotels continues growth in China 17 May, 2012
Renaissance Guiyang Hotel opened. The hotel is located in Guiyang, Guizhou Province and represents the 15th Renaissance property to open in the country.More>>
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 | Newswire
Boyd Gaming to buy Peninsula Gaming for $1.45 billion 17 May, 2012
Bloomberg reports that Boyd Gaming Corp. has agreed to buy Peninsula Gaming for $1.45 billion, adding five properties in three states outside of its base in Nevada. The deal will be funded with $200 million in cash and about $1.2 billion in debt. The acquisition know gives Boyd presence in growing...More>>
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