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Jun-15, 2012
Loudermilk Seeks Boutique Hotel in Buckhead Village
Atlanta Business Chronicle
Developer Robin Loudermilk, former CEO of Aaron’s Inc., has formed a partnership with Dwight Bell of Cannon Equities to pursue the hotel and other projects. Their 1.2-acre site is next to The Buckhead Theatre, an entertainment venue owned by Loudermilk’s father and Aaron’s founder Charlie Loudermilk.
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Jun-19, 2012
Europeans Are a Low-Show at U.S. Hotels
The Wall Street Journal
The fallout from the debt crisis in Europe is hitting the U.S. hotel industry this year, although the blow has been softened by more visits from non-European travelers. Travelers from European countries booked 1.1% fewer rooms in the U.S. in the first five months of 2012 compared with the same period last year, according to reservation processor Pegasus Solutions Inc.
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Jun-19, 2012
Court Decision Clears Way for Disputed Sale of Las Vegas Hotel Loan
The Wall Street Journal
A New York state appellate court cleared the way Tuesday for a deeply discounted sale of a boom-era mortgage on the JW Marriott Las Vegas Resort & Spa, turning down a request from investors who allege they are victims of a "brazen scheme" to steal from them.
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Jun-15, 2012
MGM All In at National Harbor — With a Few Conditions
The Washington Post
MGM Resorts International announced Friday that it is committed to bringing a high-end casino to National Harbor — if it can get the right deal.
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Jun-15, 2012
Embassy Suites Atlanta in Talks to Restructure $80M Loan
Atlanta Business Chronicle
An $80 million mortgage secured by downtown’s Embassy Suites Atlanta has been transferred to special servicing, according to Trepp LLC.
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Jun-13, 2012
Hotels a Win for Ex-Athletes
The Wall Street Journal
Hilton Worldwide Inc., seeking to expand the ranks of its investment partners, is finding surprising interest from one group in particular: former professional athletes.
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Jun-05, 2012
U.S. Hotel Transaction Volume Reaches $5.1 Billion Thus Far in 2012
Jones Lang LaSalle Hotels
United States hotel transaction volume reached $5.1 billion through May 2012, representing the second highest volume over the past four years, according to Jones Lang LaSalle Hotels. The data excludes note sales, recapitalizations and foreclosures, as well as the previously announced $1.9 billion Motel 6 transaction that has not closed yet.
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Jun-08, 2012
Faneuil Hall Operator Looks to Add New Stores and a Hotel
The Boston Globe
The new operators of Faneuil Hall Marketplace are considering opening a hotel at the historic shopping plaza, along with adding more restaurants and small food stores inside Quincy Market, according to several people briefed on the plans.
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Jun-07, 2012
Club Med Warns of Slower European Bookings
The Financial Times
Club Méditerranée, the French holiday resort group, said European summer bookings fell in the past four weeks, citing “an increasingly difficult European market” as consumers in austerity-hit countries tighten their belts.
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May-31, 2012
Gaylord to Convert to REIT
Wall Street Journal
The sale is a result of a strategic review Gaylord started early this year in reaction to prodding from its largest shareholder, Texas billionaire Robert Rowling. Mr. Rowling's TRT Holdings Inc., which owns the Omni Hotels & Resorts chain, was among four bidders for all or parts of Gaylord before Gaylord opted for the plan unveiled Thursday.