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What We're Reading

  • 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.

  • 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.

  • Dec-11, 2013

    Blackstone’s Hilton Raises $2.35 Billion in Record Hotel IPO

    Bloomberg News

    Hilton Worldwide Holdings Inc., the world’s biggest hotel operator, raised $2.35 billion in a record initial public offering for a lodging company.

  • Dec-03, 2013

    Former Trump International Hotel and Tower sold

    South Florida Business Journal

    The long-delayed, 24-story condo-hotel project - formerly known as the Trump International Hotel and Tower - on Fort Lauderdale Beach is reportedly under contract to be sold to a bulk buyer.

  • Dec-02, 2013

    Hotels see money in the banking district

    Crains Chicago Business

    Hotel developers are moving in on the traditional turf of the city's banking set: LaSalle Street.

  • Nov-24, 2013

    Historic Oklahoma City auto plant set to become hotel

    The Oklahoman

    21c Museum Hotels, a top-rated hotelier that redevelops historic urban properties into hotels that double as contemporary art galleries, is proceeding with a plan that would transform downtown's historic Fred Jones plant an all-hours cultural hub.

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