 | Newswire
Essex House to fly JW Marriott flag 17 Aug, 2012
New York City gets its first JW Marriott hotel with the news that the iconic Essex House Hotel in Central Park South will fly the Marriott flag. Earlier this week, Strategic Hotels & Resorts agreed to purchase the property, formerly flagged as the Jumeirah Essex House, from the Dubai Investment...More>>
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 | Newswire
Singapore Fund looks to force hand of Paulson and Winthrop Realty on four luxury properties 15 Aug, 2012
The Wall Street Journal reports that a battle is brewing between Singapore's sovereign-wealth fund and a group led by hedge fund Paulson & Co., along with Boston-based Winthrop Realty Trust. The Singapore Fund is seeking to force an auction of four luxury U.S. resorts it holds debt on: the 780-room...More>>
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 | Newswire
Phoenix's Hotel Monroe sale dead, but possible deal still remains 3 Aug, 2012
The Phoenix Business Journal reports that a $7-million deal between the prospective buyer of the shuttered, Hotel Monroe and the downtown Phoenix building's receivership owner has been terminated. However, the buyer, Evergreen Development Co., could come back and buy the building later if it can...More>>
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 | Newswire
Financing revealed for SLS-branded New York property 26 Jul, 2012
Sam Nazarian's SLS brand is coming to New York and now we know how. The Midtown South property is being funded through a combination of two financing types arranged by HKS Capital Partners, reports Commercial Observer, one of which is EB-5. "We secured the financing, which was a blend of a first...More>>
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 | Newswire
Hard Rock will ask for tax breaks to build second hotel in Biloxi, Miss. 23 Jul, 2012
WLOX in Biloxi, Miss., reports that Hard Rock Hotel and Casino executives will ask the Biloxi City Council for tax exemptions so it can build a second hotel tower. The proposed 12-story hotel would have 154 rooms and would be a $32-million investment. According to the resolution submitted to Biloxi...More>>
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 | Newswire
Prime, but pricey, hotel site near Disney on sale 17 Jul, 2012
The Orlando Sentinel reports that just over 10 acres surrounding Walt Disney World is up for sale. The land is part of the Bonnet Creek Resort, adjacent to the Waldorf Astoria Orlando, and is on the market for $2.3 million. Attractive land, yes, but selling the property hasn't been easy due to deed...More>>
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 | Newswire
JPMorgan-led bank group planning $1bln Motel 6 deal 13 Jul, 2012
Bloomberg reports that a trio of banks led by JPMorgan Chase & Co. are planning about $1 billion of bonds tied to Blackstone Group's acquisition of the Motel 6 lodging chain. The transaction, which may be offered in October, will be composed of debt taken on by Blackstone to acquire the motels....More>>
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 | Newswire
Dubai group touts citizenship as impetus to invest in St. Kitts hotel project 11 Jul, 2012
An agreement was signed among Range Developments, an affiliate of Hyatt Hotels Corporation and Kiawah Partners to build and operate a Park Hyatt hotel at Christophe Harbour on St. Kitts, a project which will be financed under the St Kitts & Nevis Citizenship by Investment Program through the sale...More>>
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 | Newswire
Extended-stay gap in NYC? 10 Jul, 2012
Developers are targeting high demand for extended-stay hotels in Manhattan with new projects. Residence Inn has three projects in the pipeline, representing 715 rooms, and more projects are in the works, according to The Wall Street Journal. More>>
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 | Newswire
Dow Hotel Co. and The Carlyle Group partner to acquire Austin's Lakeway Resort and Spa 10 Jul, 2012
The joint venture between the Dow Hotel Co. and The Carlyle Group's Carlyle Realty Partners VI will invest $5 million to complete a renovation started by the prior ownership group. The AAA Four-Diamond resort has 174 guestrooms, restaurant, spa and meeting space. Hospitality Funding LLC advised the...More>>
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