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Hedge Funds Put Up $95 Million for Travelodge Debt Restructuring
UK-based Travelodge Hotels Ltd. will get financing from two New York hedge funds to forestall bankruptcy.
Feb-20, 2012
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Swire Properties to Start Miami Brickell CitiCentre in Q2 2012
Hong Kong’s Swire Properties plans to start construction in the second quarter on a mixed-use center with a 243-room hotel.
Feb-17, 2012
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Vornado Fund, Owner, Recapitalize Crowne Plaza Times Square
Vornado Realty Trust, through its Vornado Real Estate Fund, has recapitalized the 795-room Crowne Plaza Times Square in a joint venture with hotel's owner.
Feb-17, 2012
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Radisson Plaza Minneapolis Up for Sale or Joint Venture
Carlson Real Estate Company (CREC) has hired the investment banking firm Eastdil Secured to explore strategic alternatives for its real estate portfolio, including the Radisson Plaza Hotel in downtown Minneapolis.
Feb-15, 2012
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Chinese Investor Buys New York Cassa Hotel for $783,000 Per Key
Beijing-based HNA Property Holdings has acquired the hotel portion of the Cassa Hotel & Residences from Assa Properties.
Feb-14, 2012
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Chartres, Apollo Acquire Novotel Times Square
Chartres Lodging Group and Apollo Global Management have purchased the 480-room Novotel New York Times Square from Accor, which will continue to manage the hotel under a long-term agreement.
Feb-10, 2012
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Trump Selected to Redevelop DC's Old Post Office as Luxury Hotel
The U.S. General Services Administration (GSA) has selected the Trump Organization to redevelop the Old Post Office building in Washington, D.C.
Feb-08, 2012
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Millennium Partners Resurrects One Franklin Development
Millennium Partners will lead redevelopment of the former Filene's site in downtown Boston.
Feb-07, 2012
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Joie de Vivre Plans to Enter Manhattan Hotel Market
An affiliate Joie de Vivre Hospitality has acquired a hotel development site in Midtown Manhattan.
Feb-03, 2012
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Starwood Capital Acquires Gansevoort South Beach
Starwood Capital and its partners, LeFrak Organization and Invesco Ltd., and planning a $100 million renovation and repositioning of the block-long hotel and condominium complex.
Feb-02, 2012
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