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What We're Reading

  • Aug-24, 2016

    Oxford Capital Group buys Hollywood site for $16.5M, plans Godfrey brand hotel

    The Real Deal

    Chicago-based Oxford Capital Group, led by hotelier John Rutledge, just acquired an 11,845-square-foot Class C office at 1400 North Cahuenga Boulevard across the street from the Cinerama Dome in Hollywood.

  • Sep-14, 2015

    Morgans Investor Rambleside to Offer $507 Million for Hotels

    Bloomberg

    Real estate investment firm Rambleside Holdings is offering to buy two Morgans Hotel Group Co. lodging properties for about $507 million in cash to speed up efforts to maximize shareholder value.

  • Sep-08, 2015

    Blackstone to Acquire Strategic Hotels for $3.93 Billion

    Bloomberg

    Blackstone Group LP agreed to buy Strategic Hotels & Resorts Inc. for about $3.93 billion, expanding its lodging holdings to include luxury properties such as Manhattan’s Essex House and the Ritz-Carlton in Half Moon Bay, California.

  • Sep-05, 2015

    Las Cruces Convention Center expansion, hotel plan moving forward

    Las Cruces Sun-News

    The Las Cruces Convention Center drew more conventions to town, but ended its fiscal year $120,000 in the red. That's a slight improvement over last year, which had a deficit of $130,000. The convention center operates on a roughly $1.5 million annual budget. Those results come on the heels of plans to expand the convention center and for New Mexico State University's Aggie Development Corp. to build a hotel on adjacent property.

  • May-19, 2015

    Goldman Said to Sell Hotels to Moody for $1.73 Billion

    Bloomberg News

    Goldman Sachs Group Inc. is selling almost 150 U.S. hotels acquired during the last decade’s property boom to a nontraded real estate investment trust for $1.73 billion, according to two people with knowledge of the deal.

  • Apr-23, 2015

    Bank liquidators seek auction of Mandarin Oriental Boston hotel

    The Boston Globe

    A hot property is headed for the auction block: the ultra-swanky, $645-plus-a-night Mandarin Oriental Boston hotel. The motivated seller? The Irish government.

  • Apr-21, 2015

    Equinox Fitness Clubs Expand to Hotels

    The Wall Street Journal

    Equinox Holdings Inc., which helped usher in an era of upscale gyms and premium membership prices, is hoping to make a similar formula work in the luxury hotel market.

  • Apr-14, 2015

    JetBlue Wants to Turn Former TWA Terminal Into Hotel

    The Wall Street Journal

    JetBlue Airways Corp. and MCR Development LLC are in advanced negotiations with the Port Authority of New York and New Jersey for the rights to turn the Trans World Airlines terminal into a hotel.

  • Mar-30, 2015

    Blackstone Group Buying Three Hotels for $1.3 Billion

    Bloomberg News

    Blackstone Group LP agreed to buy three high-end U.S. resorts for about $1.3 billion from a group led by Paulson & Co., according to a person with knowledge of the transaction.

  • Mar-20, 2015

    Arlington, Texas, in talks to land MGM Grand hotel

    Fort Worth Star-Telegram

    The City of Arlington has entered “serious negotiations” with a developer to bring an MGM Grand-operated hotel to Arlington’s entertainment district.

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