Michael Sagild has been appointed CEO of Stein Management Company International following the recent investment by KOP Group, Singapore. Michael’s appointment is aimed at facilitating Stein’s expansion into the global hotel market from its base in Europe, augmenting its initial brand extension into Asia and North America.
Stein Hotels and Resorts will continue as the consumer-facing [...]

Last night Morgan Properties participated in both the Maryland Multi-Housing Association’s (MMHA) 12th Annual Star Awards and the New Jersey Apartment Association’s (NJAA) 15th Annual Garden State Awards. Morgan Properties team members achieved 9 awards honoring properties, individuals and marketing campaigns.
Both award programs are open to association members and were established to salute paramount properties [...]

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 [...]

Ashford Hospitality Trust, Inc. announced that it will provide an online audio simulcast of its presentation to the investment community at the Oppenheimer 8th Annual Consumer Growth Conference in Boston, July 8-10, 2008. The Company’s presentation will take place on Thursday, July 10, 2008, at 4:10 p.m. ET.
The live audio broadcast of Ashford Hospitality Trust’s [...]

The second Forum on Real Estates, Urbanisation and Architecture in Angola and the Luanda Real Estates Exhibition will take place on Thursday and Friday, in this city, aiming at finding solutions to the problems of urbanisation in Angola.
The event is also intended to show the growing potential of the country’s real estate sector, reads a [...]

MHI Hospitality Corporation announced that the Company has completed the acquisition of the 172-room former Radisson Hotel in Hampton, Virginia for approximately $7.75 million, or $45,000 per room. The Company has also entered into a 10-year franchise agreement with InterContinental Hotels Group (IHG) [(LON: IHG) (NYSE: IHG - News; ADRs)] through its franchising entity, Holiday [...]

Oman International Trade & Exhibitions, leading organizer of exhibitions, conferences and events today announced its 3rd property and real estate exhibition, the International Property Exhibition (IPE) from the 15th to 17th April, 2008. Scheduled to be held at the Oman International Exhibition Centre, this three day event will showcase a full spectrum of services in [...]

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, [...]

The national and the local apartment vacancy rates, far apart in recent years, are much closer now.
Reis, Inc. (AMEX: WRP) a New York-based research firm, said the nation’s average apartment vacancy was 5.8 percent as of the end of the second quarter, down from 6 percent during the first three months of 2007 –reportedly the [...]

Park City-based American Skiing Co. has sold its last resorts outside of Utah - Sunday River and Sugarloaf/USA in Maine - to Boyne USA, Inc. for $77 million.
The debt-strapped company, whose lone remaining resort is The Canyons outside of Park City, now has raised $499 million since the beginning of [...]

Vector Hospitality, the hotel real estate investment trust (REIT), has had to cut its flotation price and delay the launch by 24 hours to get its £2 billion London listing off the ground.
The cut comes after pressure from institutions who voiced concerns over potential conflicts of interest in the role of director Richard Balfour-Lynn and [...]

Starwood Capital Group today announced that the recently launched “1” Hotel and Residences, the world’s first luxury, eco-friendly global hotel brand, will open New York City’s first five-star green hotel on West 40th Street in Manhattan, across from Bryant Park. The “1” Hotel and Residences will be part of a proposed 31-story mixed-use green tower [...]