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What We're Reading

  • Oct-08, 2014

    Morgans to sell off Hudson and Delano hotels

    New York Post

    Morgans Hotel Group in recent weeks has started a formal sales process for the 928-room Hudson Hotel on Columbus Circle and is hoping to fetch a nifty $500 million for the Ian Schrager-developed property, The Post has learned.

  • Oct-08, 2014

    Four companies vying for New Orleans riverfront project

    New Orleans Times-Picayune

    A New Orleans-based team of developers, two national companies and a Miami group are competing to transform 47 acres of unused land on the Mississippi River owned by the Ernest N. Morial Convention Center into a hotel, shopping, residential and entertainment district.

  • Oct-02, 2014

    BlackHouse to buy Hudson Yards Site for Condo-Hotel Development

    The Real Deal

    Sean Ludwick, developer and managing partner at BlackHouse Development, is in contract to acquire a two-story gentlemen’s club in the Hudson Yards neighborhood in an effort to construct a 46-story condo-hotel tower on the site, The Real Deal has learned.

  • Sep-16, 2014

    Trump SoHo Hotel Lender Plans to Put Property Up for Sale

    The Wall Street Journal

    A lender to Trump SoHo, the upscale Manhattan hotel and condominium that Donald Trump unveiled on his television show "The Apprentice," is foreclosing on the property and putting it up for sale, said people familiar with the matter.

  • Sep-09, 2014

    Vornado Chief Plans ‘Seven-Star Hotel’ By Central Park

    The Wall Street Journal

    When landlords Vornado Realty Trust and the LeFrak Organization gave notice nine months ago that they would be demolishing the home of a cherished Manhattan bookstore, speculation was rampant about what the two property titans would build on the site. Now it appears there is an answer.

  • Aug-29, 2014

    New North Loop hotel planned for corner of 3rd and Washington

    The Journal, Minneapolis

    A Milwaukee-based developer has purchased the historic Jackson building at the corner of 3rd Avenue North and Washington Avenue and plans to convert it into a hotel with approximately 120 rooms.

  • Aug-22, 2014

    Blackstone buying Westin Harbour Island land

    The Tampa Tribune

    The owner of the Jackson’s Bistro and Westin Harbour Island hotel property has made a deal to sell the sites to the New York-based private equity company Blackstone. Price: $49.5 million.

  • Aug-11, 2014

    Inland American to Spin Off Hotels Into Public REIT

    Bloomberg News

    The new REIT, to be called Xenia Hotels & Resorts Inc., will own 46 hotels in 19 states and the District of Columbia and a majority stake in two properties under development, Oak Brook, Illinois-based Inland American said in a statement today. The hotels include brands such as Hyatt, Hilton and Marriott.

  • Aug-13, 2014

    JW Marriott Ihilani to close next year and likely become Four Seasons

    The Honolulu Star-Advertiser

    The JW Marriott Ihilani hotel at Ko Olina Resort & Marina will close next year and be converted into another luxury hotel likely under the Four Seasons name.

  • Aug-04, 2014

    Las Vegas Strip parcel has new owner, but future hazy

    Las Vegas Review Journal

    Australian billionaire James Packer said he acquired controlling interest in the nearly 35-acre site and will form a yet-to-be-named company to build a hotel-casino on the land in partnership with former Wynn Las Vegas President Andrew Pascal and investment firm Oaktree Capital Management.

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