Hotel
JV’s $300M Development of 23 Canadian Travel Centers Underway
Bethesda, Md.-headquartered HMSHost Corp., alongside joint venture partner Toronto, Ont.-based Kilmer Van Nostrand Co. Ltd., is developing 23 travel and service centers along two busy Canadian highways for the Province of Ontario.
Hotel Impresario Ian Schrager Grabs Chicago’s Landmark Ambassador East Hotel, Plans Extensive Renovations for Property
Celebrated boutique hotel inventor Ian Schrager plans to leave his indelible mark on the Chicago hospitality market with his recent acquisition and planned renovation of the historic Ambassador East Hotel.
Starwood Launches Major Expansion of Aloft, Four Points Brands in India
Having closed on two funds totaling $2.8 billion earlier this month, Starwood Hotels and Resorts Worldwide, Inc. is taking its full pockets on a passage to India.
Select Service Segment Positioned to Improve and Lead Hotel Market’s Rebound
From an investor’s perspective, it’s going to be a positive year for the hotel market’s select service segment, according to real estate services firm Jones Lang LaSalle Hotels’ bi-annual U.S. Select Service Hotel Investor Survey.
Barcelona, Dow Enter $450M Joint Venture
Financial investment firm Barcelona Hotel Group and hotelier Dow Hotel Company have joined forces to acquire and operate hotels.
Starwood Eyes $2.8B Hotel Shopping Spree after Closing Two Funds
Starwood Capital Group has just closed two funds totaling $2.8 billion in ample time to capitalize on a market loaded with discounted and distressed assets.
New Legislation Sparks Plan for $300M Hard Rock Casino in Atlantic City
Forming a strategic alliance with New York-based private equity fund Och-Ziff Real Estate, Orlando-headquartered Hard Rock International is making a move to get in on the ground floor of new gaming opportunities that may ultimately arise from the introduction of new legislation in New Jersey this week.
$300M Legoland Clears Another Hurdle
Florida is on tap for another vacation destination. Gov. Charlie Crist and the Florida Cabinet have approved the use of state lands for Merlin Entertainments to build a Legoland family theme park on 150 acres of land at the 145-acre Cypress Gardens in Winter Haven.
Construction of $160M Wizards Soccer Stadium Underway in Kansas City
Plans for the development of a new stadium for Major League Soccer’s Kansas City Wizards have not been sidetracked by the recession or the credit crunch.
For $112M, Partnership Snaps Up Hyatt Regency Boston–and its Labor Issues
The Hyatt Regency Boston has just come under new ownership, courtesy of a $112 million transaction.