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Dec-07, 2011
Hotel Lenders Shun Foreclosures as $17.5 Billion in U.S. Loans Come Due
Bloomberg
As $17.5 billion in securitized loans backed by U.S. hotels come due in the next two years, lenders are doing more to avoid foreclosure on lodging properties than on any other type of commercial real estate.
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Dec-04, 2011
Developers Eye Washington Hotel Market
The Washington Post
Third-quarter numbers for both national and regional hotel data show the continued strength of the hotel market in Washington. Key market indicators for the area are relatively stable compared with third-quarter figures from a year ago. However, as in previous quarters, they far exceed the national average.
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Dec-02, 2011
Westin New York’s $232 Million Loan Sent to Special Servicer, Fitch Says
Bloomberg
A $232 million loan backed by the Westin New York at Times Square, an 863-room hotel in midtown Manhattan, was sent to a special servicer today, according to Fitch Ratings.
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Nov-19, 2011
The House Armani Built
The Wall Street Journal
Explaining Armani Hotel Milano's less-is-more aesthetic, Giorgio Armani said, "In my house, in the morning, I remove everything around me...objects, gifts that people gave me. And I've done the same thing here."
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Nov-15, 2011
China’s Low Occupancy Threatens International Hotels’ Boom
Bloomberg
China’s occupancy rate was 61 percent in the first nine months of this year, the same as the year-earlier period and the lowest in Asia after India among 15 countries tracked by STR Global, a consulting and research group. In Shanghai, only about half of hotel rooms were filled, compared with more than 80 percent for Singapore and Hong Kong, it said.