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What We're Reading

  • Jun-25, 2014

    Hyatt plans to sell 32 hotels

    Crain's Chicago Business

    Hyatt Hotels Corp. plans to sell a portfolio of 32 hotels that could be worth about $500 million.

  • Jun-25, 2014

    SEC says Harvey, advisor committed fraud in hotel deal

    Chicago Tribune

    Federal authorities have accused a troubled south suburb and a controversial municipal advisor of defrauding investors to prop up the ailing town’s finances while lining the pocket of the advisor and saddling taxpayers with millions in debt.

  • Jun-25, 2014

    Loews Hotels to pay $120 million for InterContinental O'Hare

    Crain's Chicago Business

    As it builds one hotel in downtown Chicago, Loews Hotels & Resorts is buying another one to go with it near O'Hare International Airport.

  • Jun-18, 2014

    Blackstone Said Near Deal to Buy Hotels for $800 Million

    Bloomberg News

    Blackstone Group LP is close to an agreement to buy a group of select-service hotels from Clarion Partners LLC for about $800 million, according to a person with knowledge of the deal.

  • Jun-13, 2014

    Starwood Capital looks to smash record with Baccarat sale

    The Real Deal

    Starwood Capital made headlines last year by asking $60 million for the penthouse at the Baccarat Hotel & Residences in New York. Now, it’s looking to sell the hotel portion of the development at a cost that works out to a record-breaking $2 million per room.

  • May-29, 2014

    Massachusetts Approves House Boston Convention Center Expansion

    Boston Herald

    The House overwhelmingly endorsed a $1.1 billion plan to expand the Boston Convention & Exhibition Center yesterday, in a bid to make the Hub a top five U.S. convention market.

  • May-10, 2014

    As clock ticks on stadium, L.A. considers hotel for Convention Center

    Los Angeles Times

    Acknowledging that their dreams of attracting a local NFL team may soon be dashed again, Los Angeles officials have begun laying the groundwork for the construction of a 1,000-room hotel on city-owned property that would directly connect to the Convention Center.

  • May-12, 2014

    The Nines may have found savior in Maryland hotel trust

    The Oregonian

    The mystery company that bailed out The Nines hotel in downtown Portland with a buyout offer appears to be a Maryland hotel investment trust with a growing portfolio in the city.

  • May-08, 2014

    Luxury Hotel SLS Beverly Hills on the Market

    Bloomberg

    Sam Nazarian, the Los Angeles restaurant and nightclub owner, is putting his SLS Beverly Hills luxury hotel on the market as part of a strategy to cash in on the company’s real estate investments and focus on its management operations.

  • May-03, 2014

    Heritage Hotels to acquire Eldorado Hotel & Spa

    The Santa Fe New Mexican

    The Eldorado Hotel & Spa, Santa Fe’s largest hotel, which was originally developed by the late Manhattan real estate scion Bill Zeckendorf Jr., is under contract to be sold to Heritage Hotels and Resorts, a New Mexico-based company that prides itself on owning properties that promote local culture and history.

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