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Apr-19, 2013
Blackstone Plans to Sell London West Hollywood Hotel
Bloomberg News
Blackstone Group LP plans to sell its London West Hollywood hotel to take advantage of a Los Angeles lodging recovery, said Jonathan Gray, global head of real estate at the private-equity firm.
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Apr-17, 2013
Hyatt Aviara’s $186.5 Million Loan Sent to Servicer, Fitch Says
Bloomberg News
About $186.5 million in debt backed by the Park Hyatt Aviara Resort, a former Four Seasons property in Southern California, was sent to a special servicer today, Fitch Ratings said.
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Apr-09, 2013
Downtown Houston's convention center hotel gets final go-ahead
Houston Business Journal
With the necessary agreements finalized, work can begin on Houston’s second convention center hotel, which will be next to the George R. Brown Convention Center.
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Apr-09, 2013
Five Stars Fade as Hotel Profits Top Luxury
Bloomberg News
Developers are shunning luxury hotels in the U.S. as room rates fail to rebound to peak levels and profits are squeezed by the costs of offering swanky amenities such as spas and trendy restaurants.
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Apr-11, 2013
Davies presents new plans for Old Main Post Office redevelopment
Chicago Business Journal
British investor Bill Davies has unveiled his latest plans to redevelop the Old Chicago Main Post Office into a mostly residential and parking complex surrounded by hotel, retail and office space and a 100-story tower.
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Apr-04, 2013
Critics sue over UCLA hotel plans
Los Angeles Times
Opponents of UCLA's proposed 250-room hotel and conference center on campus have filed a lawsuit that challenges the project's tax exemptions and contends it would not be financially viable if it paid all the federal and local taxes required of commercial hotels.
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Apr-05, 2013
Morgans Hotel Group postpones recapitalization following shareholder suit
Bloomberg News
Morgans Hotel Group Co. today agreed to postpone a $6-a-share rights offering until at least May 16, while dissident investors seek to block a recapitalization plan with billionaire Ron Burkle’s Yucaipa Cos., court papers show.
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Mar-22, 2013
Chatham Commission approves convention hotel agreement
Savannah Morning News
Chatham County Commissioners voted 5 to 4 Friday to approve an agreement with the preferred developer for a convention hotel on Hutchinson Island.
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Mar-15, 2013
Lenders, owed $195 million, acquire Hyatt Regency Riverfront
The Florida Times-Union
Hyatt Regency Jacksonville Riverfront is going back to the lenders who are owed $195 million. Because no one else bid for it at Wednesday’s foreclosure auction, the 963-room hotel in downtown Jacksonville will be transferred to a group of lenders who won the judgment in 2011.
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Mar-06, 2013
Signs indicate Austin’s historical Driskill Hotel changing hands
Austin American-Statesman
The historical Driskill Hotel in downtown Austin appears to be changing hands to Hyatt, although the buyer and seller are not confirming a sale.