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What We're Reading

  • 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.

  • 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.

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