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Jan-11, 2013
Hyatt Regency Riverfront Jacksonville up for auction, again
Jacksonville Business Journal
The Duval County Clerk of Courts’ foreclosure auction schedule lists the 966-room Downtown hotel for sale at 11 a.m. Feb. 6. Chartres Lodging Group acquired the hotel in 2005 for $67 million.
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Jan-11, 2013
One Bal Harbour owner faces more issues in bankruptcy
South Florida Business Journal
Since 2011, One Bal Harbour has been under the control of a court-appointed receiver after a Miami-Dade Circuit Court judge found that owner Elcom Hotel & Spa LLC had mismanaged the property.
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Dec-13, 2012
Sacramento's Le Rivage hotel sold, will join Westin chain
The Sacramento Bee
A Southern California real estate company that focuses on the development and management of hotel properties is buying Sacramento's Le Rivage Hotel and will convert it to a Westin property.
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Dec-12, 2012
Dual-brand hotel project planned at downtown Philadelphia site
The Philadelphia Inquirer
A hotel project planned for 1441 Chestnut St. will house two distinct brands - a four-star luxury W Hotel and a three-star, extended-stay Element by Westin hotel, according to those involved in developing the former One Meridian Plaza location.
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Dec-12, 2012
Sheraton in downtown Norfolk to be auctioned
The Virginian-Pilot
The Sheraton Norfolk Waterside Hotel, one of the city's most prestigious lodgings, will be auctioned off this month after it failed to pay on its debt.
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Nov-30, 2012
Blackstone to Buy Apple REIT Six in $1.2 Billion Purchase
Bloomberg
A Blackstone Group LP affiliate agreed to buy Apple REIT Six Inc., a real estate investment trust focused on hotels, in a $1.2 billion deal as the private- equity firm expands its hospitality holdings.
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Dec-05, 2012
China's Wanda Group negotiating to acquire U.S. hotel management company
Morning Whistle
Wanda is negotiating with a famous American hotel management company for the opportunity of mergers and acquisitions, said Wang Jianlin, Chairman of Wanda Group. The company plans to invest $10 billion in the U.S. to hotel, retail and commercial real estate sectors, said an insider of Wanda to China Business News.
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Nov-29, 2012
Private Equity Jumps Big Into Real Estate Lending
Investor's Business Daily
Private equity firms are grabbing a greater stake in commercial real estate lending, filling a void left by banks stuck with distressed property and still hesitant to shell out credit to the recovering sector.
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Nov-23, 2012
When Homes Become Hotels - Short Stays, Lengthy Fights
The Wall Street Journal
Renting a private home while on vacation, rather than paying for a hotel room, has skyrocketed in popularity in recent years, leading to a backlash from neighbors and prompting places from New York state to tiny Columbia Falls, Mont., to ban or restrict the practice.
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Nov-09, 2012
Hotel magnate files federal lawsuit trying to void $22 million Harrisburg Hilton sale
The Patriot-News, Harrisburg
Hasu Shah, founder of the Hersha Hospitality Trust empire, claims in his suit that the Colorado-based firm which bought the Hilton in June got a rock-bottom price because of an insider deal that blocked other potential bidders from having a shot at buying the center city property.