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Feb-19, 2013
IHG To Sell Flagship Hotels As Market Improves
The Wall Street Journal
InterContinental Hotels Group PLC Tuesday pointed to a recovery in the international hotel market as it said it will push ahead with the sale of its flagship New York Barclay and InterContinental Park Lane hotels.
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Feb-14, 2013
Marriott in negotiations to build the Aurora Gaylord hotel
The Denver Post
Aurora officials on Thursday reported a breakthrough in their efforts to jump-start the massive Gaylord conference hotel south of Denver International Airport after it was abandoned by its original backer.
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Feb-14, 2013
Judge halts O'Hare convention center project
Chicago Tribune
A project to build a convention center near O'Hare International Airport has been temporarily stopped by a federal judge after a government lawsuit accused the developer of trying to bilk Chinese investors out of millions of dollars.
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Feb-12, 2013
Hilton said to be in talks for CityCenterDC hotel
The Washington Post
Executives at Hilton Worldwide are negotiating a deal with developers of CityCenterDC to build a 370-room Conrad hotel downtown, according to sources familiar with the discussions.
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Feb-12, 2013
Audit Criticizes 1998 Deal by City for Times Sq. Hotel
The New York Times
The Marriott Marquis, the 50-story convention hotel in Times Square, sits atop some of the most valuable land in all of New York City, if not the world. But because of a lease signed by the Giuliani administration in 1998, Marriott can buy the property from the city for only $19.9 million, one-tenth of its current $193 million value, according to a new audit by the city comptroller, John C. Liu.
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Feb-13, 2013
Marriott skyscraper coming to old Miami Arena site?
The Miami Herald
Two of the city’s top real estate blogs caused a stir Tuesday when they shared an architect’s video rendering of a huge tower called the Marriott at Miami World Center.
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Feb-11, 2013
Related could give jolt to long overdue Watson Island development plans
The Miami Herald
The long overdue development of Watson Island, stalled for a dozen years by the Sept. 11 terrorist attacks and a collapsed economy, may have received a huge jolt when New York’s Related Companies agreed to study the plan and possibly join forces in its development.
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Feb-08, 2013
Five bidders hope to bag Davis Square hotel
Boston Herald
Five development teams are vying for the right to build a hotel on a city-owned lot in Somerville’s Davis Square.
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Feb-07, 2013
The Brazilian Court in Palm Beach Faces Foreclosure
The Palm Beach Post
The posh Palm Beach condo-hotel The Brazilian Court is being foreclosed on, and the owners owe more than they initially paid. Richard and Adam Schlesinger, whose company Ceebraid Signal Corp. had both the Omphoy in Palm Beach and Gulfstream Hotel in Lake Worth foreclosed on in 2010, bought The Brazilian Court in 2002 for $18 million under Ceebraid affiliate CSC Brazilian, according to court records. Mellon United National Bank’s loan servicer states in a foreclosure lawsuit filed Tuesday that $19.1 million including interest is overdue on the mortgage, according to court documents.
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Feb-06, 2013
Cornell study finds high-end hotel prices are moderating
Cornell Center for Real Estate and Finance
The Cornell index of hotel industry real estate transactions has identified a slowing of price increases for large hotel properties in the fourth quarter of 2012, while prices for small hotels were still rising at the end of last year.
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