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Aug-01, 2012
Nine Zero Hotel Struggles With Cash Flow, Occupancy Declines
Boston Business Journal
With occupancy slumping and cash flow in negative territory, the Nine Zero Hotel’s ability to make good on its mortgage debt is once again in question.
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Aug-01, 2012
Banks Slowly Regain Trust in Commercial Real Estate
American Banker
A reluctance by community bankers to engage in a price war with bigger banks over commercial and industrial loans has allowed less-competitive commercial real estate lending to slowly make a comeback.
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Jul-31, 2012
OFT Alleges Intercontinental Hotels' Online Deals Broke Competition Law
The Telegraph
Intercontinental Hotels Group, the world’s largest hotelier, has been accused of breaking UK competition law by striking deals with two of the biggest online travel agents to fix the discounts they can offer on its rooms.
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Jul-24, 2012
Clarion Gets Clarity on Hotel Loan
The Wall Street Journal
Private-equity manager Clarion Partners LLC says it is two weeks from finalizing $500 million of new financing on a portfolio of 47 extended-stay hotels it bought in 2007. The lenders lined up to provide the new loan are Bank of America Corp. and H2 Capital Partners LLC, according to people familiar with the talks. The new loan would replace nearly $568 million of debt on the properties that came due last month, with Clarion paying the $68 million difference, the company said.
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Jul-23, 2012
Nashville's Hotel Indigo Midtown Trades for $18M in Foreclosure Sale
Nashville Business Journal
Irving, Texas-based investment management firm Archon Group, which held the property's loan, paid $18 million, or $122,000 per room, at auction for the 147-key boutique hotel that opened in fall 2008.
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Jul-23, 2012
Gaylord Shareholder Moves to Stop Marriott Deal
The Washington Post
Irving, Tex.-based TRT Holdings, which owns Omni Hotels and holds a 22 percent stake in Gaylord, sent a letter to shareholders last week urging them to vote against the Marriott deal and Gaylord’s plan to convert into a real estate investment trust, according to a regulatory filing.
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Jul-14, 2012
Hyatt's Travelin' Man
Barons
A decade ago, Hyatt was a sturdy and storied global hotel brand, sought out by the fractional-jet-share set for luxurious urban accommodations and business road warriors for clean sheets. But it wasn't a company, yet.
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Jul-15, 2012
Hotel Proposal Illustrates Promise & Peril of EB-5 Program
Chicago Tribune
Anshoo Sethi flew in from Chicago in search of Chinese money, leaving behind the worn hotel his family owns near O'Hare International Airport to sell a much grander vision of life in America.
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Jul-17, 2012
Hard Rock Aims to Raise $250 Million for Lodging Business
Bloomberg
Hard Rock International Inc., the operator of hotels, casinos, and themed bars, is in talks with investors to raise $250 million to expand its lodging business.
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Jul-08, 2012
For Commercial Real Estate, Uncertainty Hangs in the Air
The Washington Post
Uncertainty is in the air in the nation’s capital, and the impact on commercial real estate is clear, especially in the office sector. While regional vacancy rates for retail and industrial property have been more or less in line with the broader national market, the region’s office vacancy rate has not followed suit. Office vacancy in the Washington region has increased even as the national office vacancy rate has been ticking down incrementally over the past eight quarters.