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What We're Reading

  • Jan-24, 2014

    Chatham-Cerberus Venture to Sell 51 Innkeepers Hotels

    Bloomberg News

    Chatham Lodging Trust’s joint venture with Cerberus Capital Management LP is offering for sale 51 extended-stay hotels operated under the Innkeepers brand two years after they were acquired.

  • Jan-16, 2014

    Classic Cos. of Colorado Springs might be a buyer for stalled Renaissance hotel

    Colorado Springs Gazette

    Another potential buyer has contracted to purchase the 300-room Renaissance hotel on Colorado Springs' far north side, which was only about half completed when construction stopped more than four years ago.

  • Jan-17, 2014

    Big real estate project headed for Energy Corridor

    Houston Chronicle

    One of the early real estate developments that helped shape Houston's Energy Corridor on the west side of town has been sold for a major redevelopment project that could include multiple high-rise office towers, a stylish hotel, luxury apartments, and shops and restaurants in a walkable, urban-style environment.

  • Jan-15, 2014

    Miami Beach kills $1B convention center project, prepares to start over

    Miami Herald

    Miami Beach, with a new mandate by a new mayor, has called off the proposed $1 billion redevelopment of its convention center district, upending a years-long process that garnered international attention, star architects and an ambitious plan to transform the decades-old center and surrounding neighborhood with a hotel, shops and restaurants.

  • Jan-15, 2014

    Hilton Old Town Rumored to Trade at $93M

    A rumor around town that LaSalle Hotel Properties is getting ready to sell Hilton Old Town for $93 million (or $385,892 per unit) to Walton Street Capital just got a little more interesting.

  • Dec-27, 2013

    Alena Hospitality to acquire, renovate Sheraton Orlando Downtown

    Orlando Sentinel

    The developer buying the Sheraton Orlando Downtown says he plans to offer new jobs to the workers expected to lose their current jobs at the hotel when it closes for renovations.

  • Dec-27, 2013

    Chinese planning five-star hotel in downtown L.A.

    Los Angeles Times

    Chinese property developer Oceanwide Real Estate Group said Friday that it would make its first foray into the U.S. It will spend up to $200 million to buy a sprawling parking lot in downtown Los Angeles across from Staples Center and the L.A. Live entertainment complex and develop a five-star hotel, apartments and retail space.

  • Dec-23, 2013

    Blackstone-Backed La Quinta Files Confidentially for IPO

    Bloomberg News

    Blackstone Group LP capitalizing on rising stock prices and a rebound in hotel occupancies, filed for an initial public offering of its La Quinta Holdings Inc. lodging chain.

  • Dec-19, 2013

    Renaissance Suites St. Louis to be sold for $3.2 million

    St. Louis Business Journal

    Maritz, Wolff & Co., a hotel real estate investment group with ties to St. Louis, has confirmed it will buy the Renaissance St. Louis Suites Hotel for $3.2 million.

  • Dec-19, 2013

    Related buys beachfront condo-hotel development site

    South Florida Business Journal

    A beachfront site in Hollywood with the potential for a condo-hotel tower was acquired by an affiliate of Miami-based Related Group and New York-based Related Cos. for $17 million.

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