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Oct-19, 2012
Plans for hotel near McCormick Place resurface
Chicago Tribune
Olde Prairie Block Owner LLC, led by developers Pam Gleichman, Karl Norberg and Gunnar Falk, indicated it has struck deals with three buyers for a 3.67-acre parcel at 330 E. Cermak Rd. The buyers have plans for a convention hotel, a smaller boutique hotel and a data center, the filings indicate.
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Oct-28, 2012
As Miami-Dade hotel market booms, more players want in
The Miami Herald
The trailblazing Delano, which revitalized the destination in 1995 and is now being marketed for sale after an $11 million renovation, is flanked by the historic National Hotel, in the midst of a major restoration, and the Philippe Starck-designed SLS, formerly the Ritz Plaza, which opened in June after eight years and about $85 million.
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Oct-26, 2012
Court Sides With Contractors in Fontainebleau Bankruptcy
The Las Vegas Sun
Contractors rather than banks are entitled to receive a $100 million payout from the Fontainebleau Las Vegas bankruptcy case, the Nevada Supreme Court said in an opinion today.
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Oct-24, 2012
Starwood Capital to Buy LNR Property
The Wall Street Journal
Barry Sternlicht's Starwood Capital Group has agreed to buy LNR Property LLC, a large player in the distressed-commercial-property market, for more than $1 billion, according to two people knowledgeable of the deal.
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Oct-18, 2012
Buyer Sought for W Fort Lauderdale Hotel & Residence
Sun Sentinel, Fort Lauderdale
Real estate firm CBRE has emailed brokers a flyer marketing the two-building property on Fort Lauderdale beach. It features 346 hotel rooms and 171 condo-hotels, only 23 of which have sold since the project opened in 2009.
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Oct-19, 2012
Hotel Chain Orient-Express Faces New Tata Takeover Attempt
The Wall Street Journal
Tata’s Indian Hotels is taking its offer public and now has a former adversary switching sides. Paul White, the man who rejected an earlier attempt by Tata Group’s Indian Hotels Co. to buy Orient-Express Hotels Ltd., is now helping Tata to win its new bid.
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Oct-16, 2012
After Attempted Ouster, Marriott Sues Eden Roc Owner
Miami Herald
Marriott International is suing the owner of the Eden Roc hotel after a dramatic but unsuccessful early-morning effort by ownership to remove the company’s Renaissance brand from management.
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Oct-10, 2012
The New King Of Real Estate Is Armed With $13.3 Billion
Forbes
Forget Donald Trump and Sam Zell. The new real estate king is Jonathan Gray, the understated and media shy 42-year-old global head of real estate at the Blackstone Group.
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Oct-09, 2012
Castle With Mortgage Woes
The Wall Street Journal
Oheka Castle Hotel & Estate in Huntington, N.Y., which has hosted weddings for personalities including crooner Kevin Jonas and former U.S. Rep. Anthony Weiner, is known as one of Long Island's Gold Coast mansions and is said to be a partial inspiration for the novel "The Great Gatsby."
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Sep-29, 2012
Hilton Tucson El Conquistador in Default
Arizona Daily Star
Yet another Tucson area resort has defaulted on its loan payments. The region's oldest luxury golf resort and its largest golf course is next in line at the auction block.