MGM MIRAGE announced today that it has priced a private offering of $750 million principal amount of 13% Senior Secured Notes due November 2013 at a price of 93.132%. The transaction is expected to close on November 14, 2008. The notes will rank as general senior obligations of MGM MIRAGE, will be guaranteed by [...]
The Queen’s grocer, Fortnum & Mason, is in talks to open a food hall at New York’s famous Plaza Hotel in the hope that the big apple’s wealthiest and most glamorous residents will develop a taste for gourmet hampers stuffed with British delicacies.
The Piccadilly-based retailer has held talks with El-Ad Properties, a Manhattan property developer, [...]
LaSalle Hotel Properties, a lodging real estate investment trust, has sold a New York hotel for $69 million.
Bethesda-based LaSalle sold the 438-room LaGuardia Marriott Hotel to RLJ Lodging Fund II, an affiliate of RLJ Development, part of the Bethesda-based RLJ Cos., headed by entrepreneur and investor Robert Johnson.
Hersha Hospitality Trust , a real estate investment trust (REIT), which owns interests in 68 high quality, mostly upscale hotels in high barrier to entry markets, today announced that the Company has entered into separate agreements to purchase interests in two hotels in New York City. Additionally, the Company has completed the acquisition of a [...]
The weakest of three proposals to build a city-aided mega-hotel servicing the Indiana Convention Center is out of the running.
The development team behind the proposal to expand the Westin Hotel “opted to not move forward,” said mayoral spokesman Justin Ohlemiller on Wednesday.
The competition to partner with the city now narrows to two finalists: a 1,016-room [...]
Oasis rockers Liam and Noel Gallagher are to launch a hotel chain in America.
The rock ‘n’ roll siblings are reportedly planning to use titles of their smash hits as room themes in hotels located across the US, including Miami, New York and West Hollywood.
A source told Britain’s Daily Star newspaper: “The plan is to open [...]
