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What We're Reading

  • Nov-26, 2013

    Park Lane Hotel on Central Park South fetches $660M

    Crains New York Business

    Developer Steven Witkoff has teamed up with a Hong Kong equity partner, Jynwel Capital, to buy the Park Lane Hotel on Central Park South for $660 million. The transaction, which was financed by Wells Fargo and Criterion Real Estate Capital, closed on Monday, the partnership between Mr. Witkoff and Jynwel announced.

  • Nov-25, 2013

    Blackstone Said to Seek IPO of La Quinta Instead of Sale

    Bloomberg News

    Blackstone Group LP plans to file for an initial public offering of its La Quinta Inns & Suites hotel chain rather than sell the company on the private market, according to people with knowledge of the firm’s thinking.

  • Nov-21, 2013

    Billionaire Alwaleed Weighs IPO for Four Seasons, Fairmont Hotels

    Bloomberg News

    Prince Alwaleed bin Talal, the Saudi billionaire with stakes in companies including Citigroup Inc., is weighing options including an initial public offering for Four Seasons Holdings Inc. and Fairmont Hotels & Resorts Inc.

  • Nov-18, 2013

    Simon Property Group considers AC Hotel by Marriott at Phipps Plaza

    Atlanta Business Chronicle

    Simon Property Group is considering building an AC Hotel By Marriott next to Phipps Plaza, according to a hospitality insider.

  • Nov-20, 2013

    One Bal Harbour condo-hotel auction date set

    South Florida Business Journal

    The One Bal Harbour condo-hotel will be auctioned off Dec. 4 under orders of U.S. Bankruptcy Judge Robert A. Mark.

  • Nov-15, 2013

    Developers buy land near MCC for Westin

    The Tennessean

    A development group that includes New York real estate investor Kevin M. Fee has purchased about three quarters of an acre across from Music City Center for $4.85 million, a key step in its plans to build a Westin hotel in downtown Nashville.

  • Nov-12, 2013

    NAR could redevelop Chicago HQ as hotel, condominiums, offices

    Chicago Tribune

    A key parcel on the south end of Chicago's Magnificent Mile appears headed for redevelopment in an ambitious project that would include a high-end hotel, condominiums, offices and stores between North Michigan Avenue and Wabash Avenue.

  • Nov-14, 2013

    Tampa to seek proposals for new Ybor City hotel

    Tampa Tribune

    City officials plan to put out a call in the coming weeks for proposals to build a hotel at the western entrance to Ybor City, Tampa’s economic development chief said Thursday.

  • Nov-10, 2013

    New Yorker Hotel to get makeover

    Crains New York Business

    The New Yorker Hotel, a property once so glamorous that movie star Joan Crawford and then-Sen. John F. Kennedy stayed there, is trying to recapture some of its former stature. Its owners are sinking tens of millions into a major renovation that will double the number of rooms it operates, to 1,800--and make it the third-largest hotel in the Big Apple.

  • Nov-12, 2013

    Hilo’s Naniloa hotel sold to eRealty founder, marine artist Wyland

    Pacific Business News

    A partnership between eRealty Fund founder Ed Bushor and the marine artist Wyland is buying the Naniloa Volcanoes Resort from its bankrupt owner for $5.2 million and plans to turn the Hilo hotel into an evironmentally-friendly, artistic boutique hotel.

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