Hotel
Humboldt Joins Forces with LW Hospitality Advisors
LW, which launched earlier this month, will provide lodging valuation and consulting services to the hotelier, which was founded in May 2010.
Hotels Draw Buyers
A vintage California property and a hotel in the nation’s capital are only the latest signs of heightened investor interest.
Suburban D.C.’s Hotel Alexandria Turns Impressive Profit
The real estate investment management firm Amstar acquired the 496-room hotel for $93.2 million in 2005 and just sold it to Crow Holdings Realty Partners V L.P. for $121 million.
Partnership Change Reignites Hotel Project
Plans to transform a 375,000-square-foot portion of the nearly 1.5 million-square-foot former IBM Building in downtown Chicago into a five-star hotel are on again now that Langham Hotels & Resorts has joined forces with Oxford Capital Group L.L.C.
Chartres, Morgan Stanley Acquire Ocean Resort Waikiki
The joint venture has plans to completely renovate, rebrand and reposition the 33-year-old property, which is located on the island’s Diamond Head end. Renovation will include all public spaces, the pool deck and the guest rooms.
Churchill Becomes Latest Player in Casino Business
The company has spread its wings with the $138 million purchase of Harlow’s Casino in Mississippi.
Le Meridien San Francisco Fetches $143M
Chesapeake Lodging Trust is on its way to becoming the new owner of the 360-room hotel, signing a deal to acquire it from HEI Hospitality L.L.C.
Pebblebrook CFO Talks Turkey as REIT Passes $600M Mark
Pebblebrook made its first acquisition in June with the purchase of the 269-room Doubletree Bethesda Hotel and Executive Meeting Center in suburban Washington, D.C. With the closing of the 306-room Sofitel Philadelphia transaction, the REIT now owns eight hotels in seven metropolitan areas.
Isle of Capri’s $125M Proposal Wins Last Gaming License in Missouri
Thirteen turned out to be a lucky number for Isle of Capri Casinos Inc. — its proposal for a casino property is the last of 13 to be issued in the state of Missouri.
Debt-Laden $355M Trump Hollywood Has New Owner
First came the debut of the $355 million Trump Hollywood, then came foreclosure, and now new ownership–and it all happened within 15 months.