Wynn Resorts, Limited reported financial results for the quarter ended September 30, 2008.
Net revenues for the third quarter of 2008 were $769.2 million, compared to $653.4 million in the third quarter of 2007. The revenue increase was driven primarily by a 36.6% increase in revenues at Wynn Macau.
Consolidated adjusted property EBITDA(1) decreased 5.2% to $176.4 [...]

MHI Hospitality Corporation announced today that the Company received the Stakeholder of the Year Award for the Crowne Plaza Hampton Harborside. The award was presented by the Downtown Hampton Development Partnership in recognition of a business or individual that contributed significantly to the city’s new development or redevelopment over the past year. The Stakeholder [...]

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 [...]

While some multi-family developments are currently under construction in San Diego County, the amount of condominium projects that will begin during the remainder of this year will be minimal, as a significant number of previously proposed condo projects have been delayed, offered for sale by the developer or become bank-owned.
“None of the permits that [...]

The Plaza Hotel has reopened after a three-year, $400 million renovation, bringing landmark luxury back to Manhattan.
“They say this place is the world’s most famous hotel,” said doorman Freddy Davila, who worked for the hotel for 15 years before it closed in 2005. As he welcomed hundreds of visitors up the red-carpeted steps and through [...]

The city of Sacramento’s Planning Commission on Thursday approved a 25-story condo project at the southwest corner of 11th and J streets.
Although the city has yet to approve one architectural element of the building — a spire — the approval means that developers St. Anton Investors LLC and the Cordano family could proceed if [...]

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 [...]

The Buccini/Pollin Group and REMAX Premier Properties/MARK FRITSCHLE GROUP announced that they hosted an open house for the Ocean City, Maryland Real Estate community, Tuesday, May 22. The all day event gave the, more than 200 REALTORS® in attendance, an inside look at the Rivendell, the “beach’s” newest most elegant waterfront condominium building.
“We were very [...]

A partner in the company that placed the winning bid in a public tender sale of the King George Hotel said demolition of the 95-year-old building is highly unlikely.
Ken Achs, a partner with Meridian Developments, said plans for the historic hotel have not been finalized, but they could include retail space on the main floor [...]

A small item on Tuesday’s San Luis Obispo City Council agenda will deal with one of the largest projects downtown has ever seen.
The proposed Garden Street Terraces Project would take up much of the block between Broad and Garden streets along Marsh Street.
City staff is recommending the council approve the work plan for an environmental [...]

Niles has always been a community of rich history. It’s proven in the buildings, homes and other historical sites around town. From houses that date back to the 1800s, to farms that have been in families for generations, it truly is an honor for most residents to call this city home.
In this series, we are [...]