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Archive for the Category ‘Hospitality’

Starwood CEO Sternlicht, Partners to Invest $100M in South Beach Hotel, Condos

Starwood CEO Sternlicht, Partners to Invest $100M in South Beach Hotel, Condos

A consortium including affiliates of Starwood Capital Group, the LeFrak Organization and Invesco Ltd. have purchased a beachfront, mixed-use property in Miami’s South Beach, including a hotel formerly known as the Gansevoort.

Marriott Buys NYC’s Clock Tower for $165M, Plans New Luxury Hotel Brand

Marriott Buys NYC’s Clock Tower for $165M, Plans New Luxury Hotel Brand

After acquiring New York City’s Clock Tower building at 5 Madison Ave. in 2007 for $200 million, Africa Israel USA has sold the property to Marriott International for $165 million.

Carlson Hotels, Rezidor Align to Create Carlson Rezidor Hotel Group

Carlson Hotels, Rezidor Align to Create Carlson Rezidor Hotel Group

Carlson Hotels and The Rezidor Hotel Group have come together to form the Carlson Rezidor Hotel Group, a separate hotel entity created to be a global force in the hotel industry.

JLL: Hotel Investment Volume to Hold Steady in 2012

JLL: Hotel Investment Volume to Hold Steady in 2012

A new report by services provider Jones Lang LaSalle suggests global hotel transaction volume in 2012 will hold steady with last year’s total, hitting the $30 billion range.

Cuomo’s Convention Center Plan: A Gamble in Any Form

Cuomo’s Convention Center Plan: A Gamble in Any Form

While New York Gov. Andrew Cuomo’s plan for the $25 billion revitalization of the state — including a convention center, hotel and casino in Queens — is ambitious, is it the right move?

LaSalle Hotel Properties Buys Park Central Hotel

LaSalle Hotel Properties Buys Park Central Hotel

Six months after announcing plans to purchase the Park Central Hotel in Midtown Manhattan, LaSalle Hotel Properties has wrapped up the acquisition of the 934-room property in a transaction valued at $396.2 million.

CPE’s Top 11 in ‘11

CPE’s Top 11 in ‘11

Taken as a whole, 2011 was something of a tumultuous year, but an interesting time for commercial real estate. CPE presents our top 11 stories from 2011.

HFF Arranges Funding for Boston-Area Mall, Houston Hotel

HFF Arranges Funding for Boston-Area Mall, Houston Hotel

In separate transactions, Holliday Fenoglio Fowler has secured refinancing for two properties: a regional mall in suburban Boston and a boutique hotel in Houston.

Dubai Group Selects Ex-Lehman Execs to Manage $1.1B Portfolio

Dubai Group Selects Ex-Lehman Execs to Manage $1.1B Portfolio

Silverpeak Real Estate Partners has been tapped by Dubai Group and its subsidiary to provide asset/investment management services for, and eventually restructure, a $1.1 billion commercial real estate portfolio in the United States and Germany.

JLL: 2012’s CRE Outlook Still in Flux; Bright Spots Exist

JLL: 2012’s CRE Outlook Still in Flux; Bright Spots Exist

Jones Lang LaSalle’s outlook for 2012 shows that, while the economy remains in a state of flux, things are generally set to improve. But there are going to be some very bright spots — such as the multi-family sector, which is going to remain the darling investment class.

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