Hotel
Chesapeake Lodging Trust Closes $46M Purchase of Ritzy Checkers Hotel in Los Angeles
In addition to its premier guestrooms, the 16-story property, which was originally developed in the 1920s, features 3,300 square feet of meeting and event space, as well as a restaurant and a fitness facility.
$189M Flood Repair Price Tag for Nashville’s Gaylord Opryland Resort and Grand Ole Opry
If all goes as planned, Gaylord will reopen Gaylord Opryland on November 15 and the 4,400-seat Grand Ole Opry House on October 1 of this year.
Las Vegas Sands Subsidiary Closes $1.75B in Financing for Cotai Strip Project in Macau
The credit markets haven’t defrosted completely, but one wouldn’t know it looking at Las Vegas Sands Corp.’s latest coup.
FelCor Lodging Trust Wipes Out 2010 Maturities with New $212M Loan
Hotel REIT FelCor Lodging Trust Inc. has just gotten its hands on $212 million in financing for a nine-property hotel portfolio.
Philadelphia’s New 202-Room Le Méridien Hotel Trades Hands
Just weeks before its opening, the brand new Le Méridien Hotel in Center City Philadelphia has found a new owner–but the transaction comes as no surprise.
Ireland Sees Its First–and Costliest–Hotel Transaction in Two Years
In a cash transaction that marks the first hotel sale in Ireland in two years, the 73-room Chief O’Neill’s Hotel has just come under the ownership of an international company seeking entry into the city.
Chatham Lodging Makes First Move with $73.5M Portfolio Purchase
Only days after having completed its $160.4 million initial public offering, Chatham Lodging Trust has made its first acquisition. The Palm Beach, Fla.-based hotel REIT just plunked down $73.5 million to purchase a six-property portfolio of Homewood Suites by Hilton Hotels from RLJ Development L.L.C.
Starwood Lands $1.5B Senior Credit Facility
Is it becoming a little easier to get financing? No word on the lending market’s level of friendliness from Starwood Hotels & Resorts Worldwide Inc., which just closed a new $1.5 billion senior credit facility, courtesy of a 24-bank syndicate.
Lodgian’s Stockholders Green Light $270M Merger with Lone Star
Lodgian Inc. shareholders met on “Tax Day” to sign off on a deal that calls for Lone Star affiliates LSREF Lodging Investments L.L.C. and LSREF Lodging Merger Co. to acquire the hotel company for a cash sum of $2.50 per share for all outstanding stock.
Tropicana Las Vegas to Go Tropical with $165M Makeover
The U.S. gaming market has yet to rebound, but Toronto, Ontario-based Onex Corp., owner of Tropicana Las Vegas Hotel & Casino, is preparing for the recession-weary public’s impending return to the tables with the commencement of its massive transformation of Tropicana Las Vegas.