Financing
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Investor appetite sparks demand for luxury Asian hotels   11 Jun, 2013

Growing investor interest in Asian hospitality assets appears to be prompting a number of Hong Kong-based property firms to put their hotel businesses onto the market. First off the block is Langham Hotels International, and another company shortly due to list its hospitality assets is New World...More>>

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Blackstone refinances 16-hotel portfolio via $581M loan   6 Jun, 2013

Commercial Property ExThe Blackstone Group has refinanced a 16-property, 4,798-room hotel portfolio and golf course/tennis club with a $581-million loan obtained from GE Capital Real Estate, Commercial Property Executive reports. The properties were acquired in 2006 when Blackstone bought MeriStar...More>>

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Jumeirah seeks $1.4 billion toward expansion   28 May, 2013

Jumeirah Group is looking to raise $1.4 billion in a six-year loan as the hotel operator seeks to take advantage of a drop in borrowing costs, Bloomberg reports. Jumeirah would pay 2.75 percentage points above LIBOR, according to sources. CEO Gerald Lawless said earlier this month the company will...More>>

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Vista Capital raises $32M of financing for five-hotel portfolio   22 May, 2013

Vista Capital Company said it recently arranged and closed $32 million of financing for a portfolio of five hotels representing 478 rooms in Arizona and Utah: the Hampton Inn & Suites, Residence Inn and Holiday Inn in Goodyear, Ariz., and the Holiday Inn Express in Washington, Utah. The deal was...More>>

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Larry Silverstein lures Four Seasons to Lower Manhattan   21 May, 2013

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>>

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Spain attracts a wide range of hotel development   15 May, 2013

International Meetings Review recently visited the Tourist Office of Spain in New York City, where we met with Paloma Notario (the Office’s director) and Director General Manuel Butler Halter. We caught up on some new developments within the country, including some notable new hotels that are...More>>

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Houston developer breaths life into stalled Colorado Gaylord project   10 May, 2013

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>>

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Lending for hotel construction makes a comeback   9 May, 2013

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>>

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As Europe pipeline stagnates, Middle East’s and Africa’s takes a dip   7 May, 2013

Europe’s fractured economy stalls development pipeline, hits Middle East and Africa More>>

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Laie Ventures selected to develop Marriott-branded Oahu hotel   6 May, 2013

Laie Ventures has been selected as the developer of a Marriott-branded hotel on Oahu’s North Shore that will replace what used to be the Laie Inn, Pacific Business News reports. Construction on the new hotel is expected to begin later this year. Though approved for four stories and 222 rooms,...More>>




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