Sunstone Hotel Investors, Inc. is a lodging real estate investment trust (”REIT”) that, as of the date hereof, has interests in 45 hotels comprised of 15,354 rooms primarily in the upper-upscale segment operated under nationally recognized brands, such as Marriott, Hilton, Hyatt, Fairmont and Starwood.
Sunstone Hotel Investors, Inc told the press that it will release [...]
Sunstone Hotel Investors, Inc. announced the preliminary results of its previously announced modified “Dutch Auction” tender offer (the “Offer”), which expired at 12:00 midnight, New York City time, on June 27, 2008.
In accordance with the terms and conditions of the Offer and based on the preliminary count by American Stock Transfer & Trust Company, the [...]
The ugly side of San Diego’s condominium downturn is on display along Fifth Avenue.
The bones of what was supposed to be Atmosphere, nearly 80 “luxury live/work units for a life well-designed,†sit open to public view. Naked steel rods and yawning holes are in the earth. The wood and chain-link fence around the site [...]
Hotel buyouts are proving a bonanza for mutual funds which snapped up Hilton, Marriott and other hotel stocks after the September 11, 2001, attacks.
Private-equity firm Blackstone Group’s (BX.N) $20 billion bid for Hilton Hotels Corp. (HLT.N) on Tuesday sparked a 27 percent rise in shares of the second-biggest U.S. hotel chain over Thursday and Friday, [...]
To gain footholds in the $40 billion online travel industry, Orbitz and Travelocity built up significant market presences using virtually identical business models. In targeting Internet-savvy consumers, both companies provided discounted prices and packaged travel in an almost identical format. Recently, however, increased competition has begun to force changes.
Direct sellers, such as AMR Corp.’s (AMR) [...]
A new concept, upscale hotel is coming to Saxony Corporate Campus.
Choice Hotels International and Ceres Enterprises plan a Cambria Suites, a new brand, at 13500 Tegler Drive, just off I-69 Exit 10 in Noblesville. The four-story hotel would have 130 suites.
Heather Soule, manager of corporate communications for Choice Hotels, which franchises the brand, said construction [...]
A Marriott hotel will be part of a massive entertainment, retail and gaming complex taking shape in Macao, China.
The 968-room Macao Studio City Marriott Hotel, slated to open in 2009, will be in a 30-story tower as part of a 4 million-square-foot development known as Macao Studio City, according to a statement from Bethesda-based [...]
Marriott will open its third Renaissance branded hotel in Paris in 2009, under a management agreement with Empire SAS, a wholly-owned subsidiary of Altarea SA, a publicly traded French company.
When opened, it will be Marriott’s eighth hotel in the Paris metropolitan area.
The 118-room Renaissance Paris Arc de Triomphe will be located on Avenue Wagram [...]
A Courtyard by Marriott hotel will offer newly developed amenities for travelers, Marriott International Inc. announced Tuesday.
The Courtyard Cincinnati-North at Union Centre will open June 5 on Muhlhauser Road in West Chester, the company said Tuesday. The five-story, 126-room hotel in Butler County includes a restaurant, indoor pool with a whirlpool spa, exercise room [...]
Aconex has been selected to provide its web-based project collaboration service to the new beachfront Marriott Renaissance Hotel development in the Kingdom of Bahrain.
Aconex will allow project participants to manage all their project information online – saving time, cutting administrative costs and reducing risk.
The 323-room Renaissance Bahrain Amwaj Islands Hotel is being constructed on a [...]
Crescent Real Estate Equities Co. has completed the sale of several properties, including two in Austin, to Walton TCC Hotel Investors V LLC as it prepares for a buyout.
Fort Worth-based Crescent [NYSE: CEI] has sold the Omni Austin Hotel and Austin Centre office building at 701 Brazos in downtown, as part of a transaction announced [...]
Kratsa Properties of Harmar will build a 200-room hotel in the heart of Pittsburgh’s downtown and a broad retail and condominium development on the city’s North Shore.
The announcement came just after the company marked the start of construction of a 15 million dollar Marriott. The 115-room hotel of suites will be near the upscale SouthSide [...]
