Archive for April, 2007

Fairbury applies for grant for hotel plan

The Fairbury City Council will move forward with a federal grant application that ultimately could lead to a hotel or motel.
“The city conducted an economic study about 10 years ago and it indicated a motel or hotel was a high priority, said city superintendent Leroy McPherson. “It was on a list of projects the city [...]

Saturday, April 28th, 2007 In Hotel, Real Estate Tags: , , , , , , , ,

Aladdin Hotel comeback set

Like a cat with nine lives, the venerable downtown Aladdin Hotel will reopen — again — on May 4.
The event will mark the 193-room, 16-story tower’s second go-round as a Holiday Inn franchise after two stints as Embassy on the Park, a stretch under the Days Inn flag and most recently as the independent Citi [...]

Saturday, April 28th, 2007 In Hotel Tags: , , , , , , , , , , , , , , , , ,

Carrier Hotel Alliance Expands With 1102 GRAND

The Carrier Hotel Alliance (CHA) announced today that it has expanded its membership to include 1102 GRAND, Kansas City’s largest carrier-neutral interconnection facility. 1102 GRAND will debut its new participation in the CHA suite at the 2007 Global Telecommunications Meeting (GTM) May 21-24 in Washington, DC.
Comprised of representatives from some of the largest network interconnection [...]

Saturday, April 28th, 2007 In Hotel Tags: , , , , , , , , , , , , , , ,

Stolichnaya(R) Announces the Grand Opening of the Stoli(R) Hotel

Stolichnaya(R) vodka, the best- selling Russian vodka in the United States, today announced the May 2, 2007 grand opening of the inaugural Stoli(R) Hotel, Los Angeles. Adding yet another milestone to Stoli(R)’s unique history of innovation, the Stoli(R) Hotel will provide L.A. with a month-long entertainment space, boasting a cutting-edge design that rivals the world’s [...]

Saturday, April 28th, 2007 In Hotel Tags: , , , , , , , , , , , , ,

Hilton Completes the Sale of the Scandic Hotel Chain to EQT for EUR 833 Million ($1.1 Billion)

Hilton Hotels Corporation (NYSE:HLT) today completed the sale of the 132 hotel Scandic chain to EQT for EUR 833 million or approximately US$1.1 billion. Net proceeds after transaction costs and taxes are expected to be approximately $1.04 billion and will be used to pay down debt.
As announced on March 2, 2007, this transaction is expected [...]

Saturday, April 28th, 2007 In Hotel, Travel Tags: , , , , , , , , , , , , , , , , , , , , , ,

Soured romance leads to condo battle

In 1997, when Joseph Healy bought a $500,000 condominium on West Cooper Avenue, he put girlfriend Carmen Brannen’s name on the deed. They’d just attended the Food & Wine Classic, and he was feeling romantic. He gave her a card: “Sweetheart, our first purchase together. How exciting.”
Healy said he meant it as a “confirmation of [...]

Saturday, April 28th, 2007 In Condo, Real Estate Tags: , , , , , , , , , , , ,

Midtown Condo Boom to Bust?

Call it the Metro Atlanta commuter backlash.
Fed-up commuters — conquering traffic congestion by simply moving closer to work.
And one of the most popular “live-work-play” communities is right in the urban heart of Metro-Atlanta’s vast, 28-county sprawl, a region that is now the fastest-growing in the nation, with 5.1 million people and counting.
The community is Midtown [...]

Saturday, April 28th, 2007 In Condo, Real Estate Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Early-Morning Condo Fire Forces Evacuations

Irving firefighters are watching for hot spots after a fire at a condominium complex that was under construction.
The fire started just before 5 a.m. Friday on the 1800 block of Esters Road near Pioneer Road. Firefighters evacuated one building of the nearby Meadow Wood Apartments, fearing the flames might spread to units where residents were [...]

Saturday, April 28th, 2007 In Condo Tags:

Philippine Condo Hotel Investments at Lancaster – The Atrium Manila - Who’s Buying and Why?

The Condo Hotel concept is attractive to many who are interested in investing their hard earned pennies in real estate. One type of condotel purchaser is someone seeking a vacation place, but due to the limited amount of time they anticipate being able to spend there, buying a traditional condominium would not seem an economically [...]

Saturday, April 28th, 2007 In Condo, Real Estate Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Condo Project Considered Along Cicero

If the needed zoning changes are approved by the city as expected, the developer of a 135-unit condominium complex planned at 43rd and Cicero said construction should start in 2008.
Brian Hoffman, vice chairman and chief financial officer of Red Seal Development Corp., said the condo development is a joint venture between his company and investor [...]

Saturday, April 28th, 2007 In Condo, Real Estate Tags: , , , , , , , ,

Margate condo drops lawsuit against ailing widow who needs live-in help

A Margate condo association has dropped its lawsuit against a wheelchair-bound widow for allowing two caretakers to stay with her around the clock.
Rose Normoyle, 86, who worked as a “Rosie the Riveter” in Long Island aircraft factories during World War II, had been accused of violating rules that prohibit “unauthorized and-or transient occupants from [...]

Saturday, April 28th, 2007 In Condo Tags: , , , , , , , , , , ,

Council OKs Cordish plan for condo-hotel

The Kansas City Council on Thursday approved The Cordish Co.’s plans for a condominium-hotel tower in the Power & Light District.
The proposal, which includes as many as 350 condo units and a four-star hotel northwest of 13th and Walnut streets, on the block formerly occupied by a Jones Store Co. department store, will seek public [...]

Saturday, April 28th, 2007 In Condo, Hotel, Real Estate Tags: , , , , , , ,