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May-17, 2013
Morgans Surges After Disclosure of Spurned Takeover Offer
Bloomberg News
Morgans Hotel Group Co. said it received a $7.50-a-share takeover offer from a “large international hotel company” late last year that it rejected as too low. The stock rose to a four-year high.
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May-09, 2013
Qatar’s Katara in Talks to Buy Hotels in London and Rome
Bloomberg News
Katara Hospitality is in talks to buy “iconic” hotels in London and Rome as the unit of Qatar’s sovereign-wealth fund seeks to more than double its properties by 2030, said Chief Operating Officer Christopher R.J. Knable.
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May-09, 2013
Paulson Real Estate Unit Flees Resort Suit For Bankruptcy
Bloomberg News
Billionaire John Paulson sought bankruptcy court protection for a real estate unit of his hedge fund after executives there were sued for alleged conflicts of interest in the asset sales of five bankrupt resorts.
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May-01, 2013
Austin developers propose 3 downtown towers, one up to 65 stories
Austin American Statesman
Two Austin developers are proposing a $500 million mixed-use project downtown that — if it happens — would change the skyline with three new towers, including a high-rise with condominiums and hotel rooms that could become Austin’s tallest building.
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May-01, 2013
Four developers show interest in Madison's Judge Doyle Square project
Wisconsin State Journal
Four development teams that have done billions of dollars of projects across the nation are competing to join the city on a massive redevelopment with hotels, housing, stores, offices and underground parking near Capitol Square.
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Apr-26, 2013
Chicago developer to sell Mayfair Hotel
St. Louis Post-Dispatch
The Chicago-based developer putting apartments in the formerly empty Roberts Tower and reviving other downtown St. Louis buildings is now planning to sell one of those pieces — the Mayfair Hotel.
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Apr-19, 2013
Mortenson has deal to buy site near First Avenue, planning hotel
Minneapolis / St. Paul Business Journal
Mortenson Development has a deal to buy a site near the First Avenue nightclub in downtown Minneapolis, where it's planning a nine-story, 220-room hotel.
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Apr-25, 2013
NH Hoteles' Bankers Balk at investment deal with Hospitality Properties Trust
Hospitality Properties Trust
Hospitality Properties Trust (HPT) said that a possible $375 million investment in 10 hotels operated by NH Hoteles SA (NHH) has fallen through. On April 24, 2013, HPT was notified by NHH that NH Hoteles was unable to obtain the necessary bank approvals to allow it to move forward with the transaction. HPT expects to enter into discussions with NH Hoteles about possible modifications or alternatives to the transaction.
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Apr-17, 2013
Blackstone Said to Agreet to Buy Hyatt Waikiki Leasehold
Bloomberg News
Blackstone Group LP, the world’s largest hotel owner, agreed to buy the leasehold on the Hyatt Regency Waikiki Beach Resort and Spa for $450 million and plans to remodel the Hawaiian property, which includes a shopping mall, said a person with knowledge of the transaction.
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Apr-16, 2013
The Fight for Hip Hotel Firm
The Wall Street Journal
Morgans Hotel Group, the company that pioneered the boutique hotel concept, has become the spoils of a battle between two big names in investing and real estate.