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What We're Reading

  • Oct-08, 2013

    Extended Stay Hotel Chain Seeks Up to $500 Million in IPO

    Bloomberg News

    Extended Stay America Inc., the mid-price lodging chain owned by Blackstone Group LP, Centerbridge Partners LP and Paulson & Co., increased the amount it plans to raise in an initial public offering to as much as $500 million.

  • Oct-03, 2013

    Bill filed to greenlight $1B Boston Convention Center expansion

    Boston Herald

    Lawmakers may soon decide whether to launch a 
$1 billion expansion of the Boston Convention & Exhibition Center — a project that would add 1.3 million square feet of space, including additional exhibit and meeting areas and another, larger ballroom.

  • Sep-24, 2013

    Kirk Rose, Marcus Hotels & Resorts president, resigns

    Milwaukee Journal Sentinel

    Kirk A. Rose, president of Marcus Hotels & Resorts, "is leaving to pursue an opportunity to return to his roots in finance as the chief financial officer of a family office based in Chicago," according to a company statement issued Tuesday. Rose joined Marcus in January.

  • Sep-23, 2013

    Denver's Brown Palace Hotel for sale

    The Denver Post

    The owners of the Brown Palace Hotel and Spa said Monday they are selling the iconic property, which has changed hands only three times in its 121-year history.

  • Sep-26, 2013

    Bill Gates’s Cascade to Buy Four Seasons Hotel in Houston

    Bloomberg News

    Cascade Investment LLC, a company owned by Bill Gates, agreed to buy the Four Seasons Hotel Houston from Maritz, Wolff & Co. to capitalize on rising lodging demand tied to the region’s energy business.

  • Sep-26, 2013

    Westin Fort Lauderdale Hotel hit with foreclosure

    South Florida Business Journal

    The Westin Fort Lauderdale Hotel has been hit with a foreclosure lawsuit as it strugglers to compete with newer hotels closer to the beach.

  • Sep-16, 2013

    McHugh sues city to block Marriott hotel near McCormick Place

    Chicago Tribune

    Plans to build a 1,200-room Marriott Marquis convention hotel just west of McCormick Place encountered a legal obstacle Monday when the site owner sued the city of Chicago.

  • Sep-12, 2013

    Robert T. Koger of Molinaro Koger is arrested and put behind bars

    JD Supra Law News

    On Monday, September 9, 2013, Robert T. Koger, 47, was arrested and brought before a federal judge in the Eastern District of Virginia. At the detention hearing, the court found that Koger is a "flight risk" and he will therefore be held behind bars until his trial for mail fraud and other criminal charges.

  • Sep-12, 2013

    Blackstone’s Hilton Files for $1.25 Billion IPO

    Bloomberg News

    Hilton Worldwide Holdings Inc., the hotel operator owned by Blackstone Group LP, filed to raise $1.25 billion in a U.S. initial public offering as lodging shares trade at close to their highest level in six years.

  • Sep-11, 2013

    China’s richest man is shopping for hotel management companies

    Bloomberg News

    Shares of Marriott International Inc. and Starwood Hotels & Resorts Worldwide Inc. climbed in U.S. trading after China’s richest man Wang Jianlin said he has hired two investment banks to buy hotel management companies.

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