Hotel
NYC’s Essex House Sells to Strategic Hotels for $362M
Strategic Hotels in a JV bought the famous Essex House Hotel in Manhattan’s Central Park South for a whopping $362 million.
Four Seasons to Open Flagship Hotel in Toronto
Four Seasons is opening a two-tower hotel in the heart of Toronto’s most fashionable neighborhood.
New KSU Hotel & Conference Center Project to Create Jobs, Economic Growth
By Adrian Maties, Associate Editor A new, $15.6 million Kent State University project will bring a hotel and conference center to downtown Kent and create hundreds of jobs, and spur regional tourism growth and economic development. The Kent State University Foundation, The Pizzuti Cos. of Columbus, the city of Kent, the Development Fund of the […]
Hilton Worldwide to Operate New Hilton Garden Inn in Argentina
Hilton Worldwide signed a management agreement to operate a Hilton Garden Inn hotel in San Miguel de Tucuman.
Taubman TBCL’s JV to Manage 1.5 MSF Shopping Center in China
Two companies are teaming up to own a majority stake and manage an upcoming retail development in Xi’an.
Hyatt Hotel Corp. Opens First Grand Hyatt in Malaysia
Hyatt Hotel Corp. will be opening Malaysia’s first Grand Hyatt, with first-class luxuries and amenities including impressive views of the city, dining on almost every floor, and state-of-the art technology banquet halls and meeting rooms.
Vulcan Expects Amazon Global HQ in Seattle to Sell Quickly
Vulcan Real Estate is selling Amazon’s South Lake Union headquarters, with plans to use the proceeds of the sale for ongoing development of its large land holdings in SLU.
Sheraton Downtown Nashville Sold for $47.5 M
By Eliza Theiss, Associate Editor Los Angeles-based JRK Hotel Group, a subsidiary of JRK Property Holdings, announced the purchase of a landmark Nashville hotel: the Sheraton Nashville Downtown Hotel. According to a Nashville Post report JRK paid $47.5 million for the downtown facility, $10 million more than the latest appraisal of the property. The seller […]
Beacon Capital Picks Up Boston’s 177 Huntington Ave. for $59M
Beacon Capital Partners has bought 177 Huntington Ave. in Boston’s Back Bay submarket. The 1972 tower used to house The First Church of Christ, Scientist, and the Trustees of Church administration department.
Dual Trophy Towers to Rise in Moscow Mixed-Use Project
An American architectural group is designing two towers, called OKO, in Moscow’s business district. OKO will include move-in ready residential apartments. The real estate development company of this project also plans to put up The Delano Moscow hotel in the coming years.