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Related could give jolt to long overdue Watson Island development plans
The Miami Herald
Feb-11, 2013
The long overdue development of Watson Island, stalled for a dozen years by the Sept. 11 terrorist attacks and a collapsed economy, may have received a huge jolt when New York’s Related Companies agreed to study the plan and possibly join forces in its development.
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Five bidders hope to bag Davis Square hotel
Boston Herald
Feb-08, 2013
Five development teams are vying for the right to build a hotel on a city-owned lot in Somerville’s Davis Square.
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The Brazilian Court in Palm Beach Faces Foreclosure
The Palm Beach Post
Feb-07, 2013
The posh Palm Beach condo-hotel The Brazilian Court is being foreclosed on, and the owners owe more than they initially paid. Richard and Adam Schlesinger, whose company Ceebraid Signal Corp. had both the Omphoy in Palm Beach and Gulfstream Hotel in Lake Worth foreclosed on in 2010, bought The Brazilian Court in 2002 for $18 million under Ceebraid affiliate CSC Brazilian, according to court records. Mellon United National Bank’s loan servicer states in a foreclosure lawsuit filed Tuesday that $19.1 million including interest is overdue on the mortgage, according to court documents.
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Cornell study finds high-end hotel prices are moderating
Cornell Center for Real Estate and Finance
Feb-06, 2013
The Cornell index of hotel industry real estate transactions has identified a slowing of price increases for large hotel properties in the fourth quarter of 2012, while prices for small hotels were still rising at the end of last year.
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Hines, Archstone close to naming CityCenterDC hotel brand
Washington Business Journal
Feb-06, 2013
CityCenterDC developers Hines and Archstone are close to cementing a deal with an international flag to operate their planned 370-room hotel at New York Avenue and Ninth Street NW.
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Kathleen Taylor out as Four Seasons CEO after three years
The Globe and Mail
Feb-05, 2013
Kathleen Taylor spent years preparing for the top job at Four Seasons Hotels Inc., but the company said Tuesday she will be replaced only three years after she finally sat down in the corner office.
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Former Gansevoort to relaunch as eco-focused 1 Hotel
The Miami Herald
Feb-06, 2013
The Gansevoort-turned-Perry hotel in Miami Beach is set to open in its latest iteration early next year: the eco-minded 1 Hotel & Residences South Beach.
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Proposed bankruptcy sale of Fort Worth Sheraton has stalled
Fort Worth Star-Telegram
Jan-31, 2013
The owners of the Sheraton Hotel and Spa downtown are looking for another buyer after a proposed deal to sell the bankrupt property to Dallas-based Prism Hotels & Resorts stalled.
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Blackstone Said to Plan Sale of Miami Beach Resort
Bloomberg
Jan-29, 2013
Blackstone Group LP agreed to sell the Miami Beach Resort in Florida to Joseph Chetrit for $117 million as part of a debt restructuring in its LXR Luxury Resorts & Hotels unit, a person with knowledge of the deal said.
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Long Island Marriott Loan Moves into Special Servicing
National Mortgage News
Jan-28, 2013
After “a lengthy period of weak cash flows,” Fitch Ratings reports the Long Island Marriott and Conference Center hotel moved into special servicing.
- Kimpton Group Holding Closes $203 Million Hotel Investment Fund
- Starwood Capital Group Acquires Principal Hayley Group
- Hospitality Properties Trust Announces Letter of Intent for Investments with NH Hoteles in Latin America, Europe and the USA
- Wyndham Enters Hotel Branding Alliance With Germany's Grand City Hotels
- John L. Williams Retires as DiamondRock President
- Marriott to Acquire Gaylord Hotels Brand and Management Company
- Blackstone Group to Acquire Motel 6 for $1.9 Billion
- More News >
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The Lodging Conference
The Arizona Biltmore Resort and Spa, Phoenix, Ariz.
Tuesday, September 17, 2013