A surprising news on property and real estate is on the air right now. Los Angeles condo sells for $2,848 (per square foot) A $47-million price tag may seem like an enormous sum, but this is all about downshifting in the fast lane. After all, the 62-year-old heiress with a reputation for embracing opulence will [...]
Lured by congressionally authorized tax credits and other financial incentives after Hurricane Katrina, a procession of developers announced plans to build high-rises.
Adding to the tension for commercial investors: Construction and insurance costs have soared.
At least one big plan — a $400 million proposal by Donald Trump to construct the city‘s tallest building — is going [...]
New York City-based developer Related has razed the St. Regis Hotel and has started construction on its 42-story condominium project, called the Century. The 140-unit development, designed by Robert A.M. Stern, will feature condos from 2,400 sf to 10,000 sf on a four-acre site on the Avenue of the Stars adjacent to the Hyatt Regency [...]
American Safety Insurance Holdings, Ltd. announced that Steven B. Mathis, Vice President — Planning and Treasury, and Geoff Gregory, Chief Underwriting Officer, are scheduled to present at the 28th Annual Raymond James Institutional Investors Conference on Monday, March 5, at 11:00 a.m. EST. The event will be held at the Hyatt Regency Grand Cypress in [...]
American Physicians Capital, Inc. President and Chief Executive Officer R. Kevin Clinton and Chief Financial Officer Frank H. Freund will speak at the Raymond James 28th Annual Institutional Investors Conference on March 6, 2007 at 8:05 a.m. Eastern Time. This event will take place at the Hyatt Regency Grand Cypress in Orlando. Additional information regarding [...]
Last week’s recommendation that Kansas City should begin planning a 1,000-room headquarters hotel near Bartle Hall was deja vu all over again for developer Whitney Kerr Sr.
Kerr was intimately involved with Ross Perot Jr. in a tortuous effort during the early 1990s to build a 1,000-room hotel by the convention center. After several years of [...]
Melco PBL Entertainment said Tuesday it had agreed with Hard Rock International to build a Hard Rock Hotel Casino in the City of Dreams, which is currently being built in Macau.
According to a statement from the companies, the City of Dreams complex, which is to open in two phases, includes four hotels (the Hard Rock [...]
Melco PBL Entertainment said Tuesday it had agreed with Hard Rock International to build a Hard Rock Hotel Casino in the City of Dreams, which is currently being built in Macau.
According to a statement from the companies, the City of Dreams complex, which is to open in two phases, includes four hotels (the Hard Rock [...]
NJR Development and Hyatt Corporation today announced that construction of Clearwater Beach’s newest resort condominium, Aqualea Resort Condominium Hotel and Residences, is officially underway. Once completed, the 250 suite luxury resort condominium will be part of a full-service, beachfront resort managed by Hyatt Corporation and offer not only the simplicity of virtually carefree ownership, but [...]
Hard Rock International and Melco Hotels and Resorts Limited (Macau), a subsidiary of Melco PBL Entertainment (Macau) Limited (”Melco PBL Entertainment”), have signed definitive agreements for the development of Hard Rock Hotel and Casino Macau at the City of Dreams Casino and Entertainment Resort Complex, currently under construction in Macau, a special administrative region of [...]
Ashford Hospitality Trust, Inc. :
Acquisition Highlights:
* Comprised of 24 full-service, upper-upscale hotels and 27 premium select-service hotels in 31 markets across 18 states, the District of Columbia and Canada
* Significantly diversifies Ashford’s asset portfolio in terms of geography, brand and management company mix
* [...]
Ashford Hospitality Trust Inc. plans to buy a 51-hotel portfolio from Morgan Stanley Real Estate for $2.4 billion in cash.
The hotels are being purchased in connection with Morgan Stanley’s purchase of CNL Hotels and Resorts, a public, nonlisted hotel real estate investment trust based in Orlando, Fla.
The deal is expected to close in [...]
