Belgian-Brazilian brewing giant InBev is to sell some Belgian and Dutch real estate assets to Belgian property manager Confinimmo for 419 million euros (560 million dollars), the company said late Friday.
Under the deal, the brewer will sell 90 percent of its Immobrew subsidiary which directly owns 824 pubs and some residential properties in Belgium and [...]
Starwood Hotels and Resorts said yesterday that its chief executive, Steven J. Heyer, had resigned after he and the company’s board fought over his management style, surprising analysts who said the company’s overall strategy was sound.
The change at the top suggests that the company could be sold, given the favorable buyout environment and the hotel [...]
PARIS - Carrefour, the European answer to Wal-Mart and the world’s second-largest retailer, is in play.
It is a classic story, involving generational tensions, a senior executive summarily dismissed and pressure from powerful investors hunting for profit. But it is also a very French story because the value of the treasure at the tale’s core — [...]
Lowe Enterprises Investors has bought The Shores Resort & Spa, a 212-room oceanfront hotel, from Noble House Hotels & Resorts Inc. for $39.8 million.
The hotel, situated in Daytona Beach Shores, is an 11-story property that was damaged by the hurricanes of 2004 and reopened in late 2005 after undergoing a $30 million renovation.
The [...]
Parkway Properties, Inc. announced that its Board of Directors declared a quarterly dividend of sixty-five cents ($.65) per share payable on March 28, 2007, to shareholders of record of Common Stock on March 14, 2007. This dividend is the eighty-second (82nd) consecutive quarterly distribution to Parkway’s shareholders of Common Stock and represents an annualized [...]
Private equity firm Blackstone Group raised its cash takeover bid for Equity Office Properties Trust to $23 billion on Tuesday, escalating a down-to-the-wire bidding war for the real estate company.
Equity Office told shareholders to vote for the deal at a special meeting Wednesday morning, even though it was still less than a $23.2 billion bid [...]
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
* [...]
The Arizona Biltmore Resort & Spa and the JW Marriott Desert Ridge Resort & Spa will become part of the Morgan Stanley family under a $6.6 billion acquisition deal announced Friday.
Orlando, Fla.-based CNL Hotels & Resorts Inc. has signed a deal to be acquired by Morgan Stanley Real Estate for $20.50 per share in cash, [...]
CNL Hotels & Resorts, Inc., the nation’s second largest hotel real estate investment trust, announced today that it has signed a definitive agreement to be acquired by Morgan Stanley Real Estate. The transaction provides that funds managed by Morgan Stanley Real Estate will acquire CHR for $20.50 per share in cash, representing an aggregate purchase [...]
GE Real Estate announced today the completion of its acquisition of a portfolio comprising 147 assets from Crow Holdings’ third real estate fund, Crow Holdings Realty Partners III, L.P. (”Fund III”) for $2.2 Billion. The diversified portfolio is comprised of 112 industrial buildings (9.3 million square feet), 19 retail centers (3.6 million square feet), [...]
US Condo Exchange, LLC, www.uscondex.com, the online marketplace where more than 200,000 condos can be searched, compared and reserved online in real time, announced today that it has entered into a strategic partnership with Italian real estate powerhouse Pirelli & C. Real Estate (“Pirelli REâ€), a firm with over €15 billion in real estate assets [...]
US Condo Exchange, LLC, www.uscondex.com, the online marketplace where more than 200,000 condos can be searched, compared and reserved online in real time, announced today that it has entered into a strategic partnership with Italian real estate powerhouse Pirelli & C. Real Estate (“Pirelli REâ€), a firm with over €15 billion in real estate assets [...]
