Investment
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Radisson drops Vikings sponsorship after Adrian Peterson chid-abuse charges   16 Sep, 2014

Other national sponsors have stated that they are monitoring the situation after bad publicity over Ray Rice, Adrian Peterson and other players enveloped the league, but Radisson is the first to suspend its relationship. The decision came after a press conference Monday in which Minnesota Vikings...More>>

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Chicago developer plans boutique hotel for 2015 construction   16 Sep, 2014

Originally, the city and the Metropolitan Pier and Exposition Authority, a state-city agency known as McPier, wanted to build a 1,200-room hotel on the property as part of a proposed $600 million redevelopment of the surrounding Motor Row district into an entertainment destination. But when the...More>>

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How to properly negotiate replacement reserve clauses   15 Sep, 2014

It is natural for borrowers to focus their mortgage negotiation attention on the interest rate being charged for borrowed funds, the amortization schedule being used and the length of the loan; after all, each is an important factor defining debt cost and, as a result, impacting the hotel’s...More>>

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Hotel Viking in Newport, R.I., bought for $77M   15 Sep, 2014

Dallas-based LSREF3 Viking Tenant bought the 1926 hotel from a subsidiary of LaSalle Hotel Properties of Bethesda, Md. Hotel Viking is listed on the National Register of Historic Places and is a member of the Historic Hotels of America, a program of the National Trust for Historic Preservation. The...More>>

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Blackstone Group acquires the Westin Tampa Harbour Island for $46.5M   15 Sep, 2014

Clearwater-based Wilder Corp. sold the 299-room hotel and nearby retail complex Knights Point to Blackstone in a deal that closed Sept. 2. Knights Point will be spun off to Tampa developer Convergent Capital Partners. Convergent will work together with Blackstone to renovate the hotel and retail...More>>

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Malmaison to convert the original Scotland Yard headquarters into a hotel   15 Sep, 2014

The hotel will be called the Great Scotland Yard, with Mailmaison paying an estimated $324 million. Galliard Homes, the London-based development group which owns the site, expects to complete the conversion in 2016. Plans for the seven-floor building include 235 bedrooms, a VIP suite, a vast...More>>

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New York's Chinatown experiencing hotel building boom   15 Sep, 2014

The neighborhood is seeing growth that would have been unfathomable after 9/11. A host of factors have contributed to this development, including the neighborhood's proximity to popular tourist attractions and the dearth of rooms available in the five boroughs for New York's 55 million annual...More>>

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Buyers upbeat about European markets   15 Sep, 2014

A confluence of investor confidence, improved operating fundamentals and easier access to debt has made for a percolating hotel transactions market in Europe.More>>

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Broward County Hampton sells for 73-percent premium   12 Sep, 2014

The Hampton Inn in Plantation, Fla., was reportedly sold for $13 million, a 73-percent premium to its prior deal. Prince-Bush Investments-Plantation sold the hotel to Midas Plantation, an affiliate of St. Louis-based Midas Hospitality. This is Midas Hospitality’s first hotel in Florida.More>>

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Four Wichita hotels sold to Starwood Capital in multistate deal   12 Sep, 2014

Starwood Capital Group has reportedly purchased four Wichita, Kan., hotel properties as part of a more than $50 million multi-state deal that included both Marriott and Hilton brands. More>>




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