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Corus, Lehman Bros. Make D.C. Loans
May 15, 2008
Corus Bank closed a $72 million loan to MR BP Office #1 L.L.C. to finance the construction of a nine-story Class A office building located at 55 M Street SE in Washington, D.C.
$1B M Vegas Resort to Cater to Thriving Mid-Size Event Market
May 15, 2008
Developers of the planned $1 billion M Resort, Spa & Casino in Las Vegas recently revealed new project details designed to address the city's dearth of conference facilities that accommodate small and mid-sized meetings and events.
$1B Luxury Resort on Tap in Coveted Area of Bahamas
May 15, 2008
The New South Ocean Development Co. will erect a $1 billion luxury resort on 385 acres along the pristine southwestern coast of New Providence Island in Nassau, Bahamas.
Pair of SoCal Hotels Trade for $80M
May 14, 2008
R.D. Olson Development has sold two hotels in Southern California to Apple REIT 8 for a combined $80 million.
Gaming Board May Force Casino Sale
May 14, 2008 - Source: Crain's Detroit Business
The Michigan Gaming Control Board has set a June 10 date to decide on the forced sale of Greektown Casino, which hasn't been performing up to expectations.
Passport to Prosperity
May 14, 2008
Foreign shores provide room for hoteliers to expand.
Crowne Plaza Amsterdam City Centre Sold
May 14, 2008
Acting for an institutional investor and InterContinental Hotels Group, Jones Lang LaSalle Hotels Inc. has completed the sale of the Crowne Plaza Amsterdam City Centre for approximately $111 million to joint venture HHR Euro CV.
Work Gets Underway on Aloft hotel in Broomfield
May 14, 2008
Ground recently broke on the new 140-room Aloft hotel in the northwestern Denver suburb of Broomfield, the Denver Business Journal reported.
Doubletree Makes Tenth Debut in Atlanta
May 13, 2008
After undergoing a multi-million-dollar makeover, the hotel at 4156 Lavista Rd. in Tucker, Ga., that previously carried the Radisson flag has reemerged as the Doubletree Hotel Atlanta NE/Northlake.
Luxury Hotel to Rise on Convention Center Site
May 12, 2008
Washington, D.C., Mayor Adrian Fenty has unveiled plans for a new luxury hotel at the site of the old city convention center.
Dubai Hoteliers Surge as Part of Global Hospitality Explosion
May 09, 2008
Growth of global markets is providing an array of opportunities for hotel companies to expand worldwide. And certain pockets are exhibiting particular potential.
Service Counts
May 09, 2008
Choice Hotels International Inc. prides itself on its relationship-building efforts. According to francishees, the extra effort is paying off.
Boxer, Real Estate Hotshot Sells Stake in Promotions Business
May 09, 2008
Oscar De La Hoya, owner of real estate development company Golden Boy Partners, has entered into an agreement to sell shares in his Los Angeles-based boxing promotions firm Golden Boy Promotions to sports and entertainment venue developer and presenter AEG.
Teams Vie for Convention Center Expansion Project
May 09, 2008
Having recently received three proposals for the expansion of the 1.6 million-square-foot Anaheim Convention Center, the Anaheim City Council is now preparing to announce the winning bid at a meeting on June 10, according to an Orange County Register article.
Environmentalists OK Conservation Deal for California Development
May 08, 2008
After years of legal battles and negotiations, several major environmental groups and the Tejon Ranch Co. today announced they have reached an agreement that would preserve 90 percent of the 270,000-acre Tejon Ranch in California and enable development of a master-planned community, resort and industrial complex to continue.
$375M in Funding to Kick Off Michigan Casino Project
May 07, 2008
The last piece of the financial puzzle for constructing the FireKeepers Casino in Battle Creek, Mich., has been put in place with the FireKeepers Development Authority's closing on $375 million in financing.
Orlando Hotel Sold
May 07, 2008
The 507-room Holiday Inn SunSpree Resort has just been snapped up by Vista Hospitality Co.  according to the Orlando Business Journal.
W Hotels Debuts in Europe with W Istanbul
May 06, 2008
W Hotels Worldwide will mark its entry into Europe today with the grand opening of W Istanbul.
Loss of License Protects Tropicana Atlantic City from Corporate Parent’s Chapter 11
May 06, 2008
The Tropicana Atlantic City casino today said that it is not part of the Chapter 11 filing by corporate parent, Tropicana Entertainment L.L.C., and is continuing normal operations.
Greektown to Get New Co-Owner in $100M Deal
May 06, 2008
The Sault Ste. Marie Tribe of Chippewa Indians has agreed to sell a sizeable stake in its Greektown Casino in Detroit to Entertainment Interests Group L.L.C. for $100 million.
Uncertain Future for Historic Miami Hotel
May 05, 2008 - Source: Miami Herald
The Royal Palm hotel in South Beach has a great location, but has been a nightmare for investors, according to the Miami Herald.
CPNHospitality Q&A: Hampton Inns Cordell Speaks of Rebranding, Expansion Plans
May 05, 2008
Phil Cordell, senior vice president of Hampton brand management, Hilton Hotels Corp. spoke recently with CPNHospitality about the brands repositioning and expansion plans.
ING Real Estate, Grupo Carrousel, Operadore Punta Maroma to Develop $150M Resort in Mexico
May 05, 2008
ING Real Estate will partner with Grupo Carrousel and Operadora Punta Maroma to develop a new $150 million ocean front resort on Bahia Maroma along Mexico's Riviera Maya. The cost doesn't include the price of land.
Wynn Plans Two New Hotels for Vegas
May 05, 2008
Steve Wynn is yet again expanding his brand's presence in Las Vegas. The chairman and CEO of Wynn Resorts intends to build two new hotels and meeting space on 170 acres.
Upscale 259-Room Tampa Sheraton Comes Under New Ownership
May 05, 2008
A joint venture consisting of Square Mile Capital Management L.L.C. and Davidson Hotel Co. has acquired the 259-room Sheraton Suites Tampa Airport/Westshore. Host Realty Partnership L.P. sold the Tampa, Fla.-property just two years after having acquired it as part of a $4 billion, 35-hotel portfolio acquisition from Starwood Hotels and Resorts in April 2005.
 

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