Property Types Hospitality
$160M Mixed-Use Project in Boston Gets Green Light
Aug 15, 2008

At a recent Boston Redevelopment Authority Board of Directors meeting, city officials gave Boston Development Group the thumbs-up to move forward with The Merano, a new mixed-use project in the city's Bulfinch Triangle community, a neighborhood that is presently undergoing revitalization. Located adjacent to the TD Banknorth Garden arena, the project will bring much-needed hotel space to the area with the development of a 153-room Courtyard by Marriott and a 121-room TownePlace Suites by Marriott. The Merano will also encompass 206,000 square feet of office space, 10,000 square feet of ground-level retail space and 13,000 square feet of ground-level restaurant space. The architectural firm of CBT is behind the design of the project, which was able to find a home with the demolition of the elevated I-93 highway structures. Construction of The Merano is on schedule to commence during the first quarter of next year and wrap up 24 months thereafter.


 
Recent Hospitality Headlines
dc hyatt American Realty Advisors Provides Equity for Grand Hyatt Washington Recapitalization
Nov. 21, 2008
American Realty Advisors has provided preferred equity financing to an affiliate of Quadrangle Development Corp. for the recapitalization of the Grand Hyatt Washington, D.C. The investment was executed on behalf of one of American’s separate account clients.
Gaylord Nixes Plans for $1B San Diego-Area Resort
Nov. 19, 2008
Tennessee-based Gaylord Entertainment has pulled out of a plan to develop a $1 billion resort in Chula Vista, Calif., but the firm claims the project’s abandonment was not caused by the frozen debt markets that have wreaked havoc on developments across the nation.
aymong JV Planning $4.2B Resort in Vietnam
Nov. 18, 2008
Historically, hard times signal an increase in gambling, so perhaps the joint venture of MGM Mirage and Asian Coast Development Ltd has eyed and will seize the prize, with the planned $4.2 billion MGM Grand Ho Tram, a multi-property complex that will be located along the shores of the South China Sea, some 80 miles from Ho Chi Minh City, Vietnam.
Seattle Developer to Build 6 Casino Resorts in Guatemala
Nov. 14, 2008
An affiliate of Seattle-based Alekson Development Group has signed an agreement with the Guatemalan Gaming Agency that will allow the company to build six casino/hotel/golf destination resorts over the next 10 years.
Fairmont to Manage Fairmont Grand Hotel Kyiv in Ukraine
Nov. 12, 2008
Fairmont Hotels & Resorts will manage Fairmont Grand Hotel in Kyiv, Ukraine, the company's first in Eastern Europe, it reported on Tuesday.
 

 

REal Talk with Adam Perrotta-Thursday
November 20, 2008
Even in today's roiled industry waters, opportunities continue to exist for those with the know-how and perspective to take advantage of new areas. CB Richard Ellis Inc.'s new distressed assets group looks to be one such example. Given the current...

STAG Capital Kicks Off Industrial Fund with Anticipated $1.3B Buying Power
November 19, 2008
By Barbra Murray, Contributing Editor -- Boston-based STAG Capital Partners has initiated STAG Investments V L.P., a fund targeting commitments of $400 million for the acquisition of predominantly high-yield single-tenant industrial properties across the country. The newly launched fund marks...

Boston Properties Closes $375M Financing of Four Embarcadero Center
November 19, 2008
By Gail Kalinoski, Contributing Editor-- Using the proceeds to pay down its unsecured line of credit, Boston Properties Inc. has closed on an eight-year, $375 million loan secured by Four Embarcadero Center in San Francisco. The loan was provided by...

Gaylord Nixes Plans for $1B San Diego-Area Resort
November 19, 2008
By Adam Perrotta, News Writer-- Tennessee-based Gaylord Entertainment has pulled out of a plan to develop a $1 billion resort in Chula Vista, Calif., but the firm claims the project's abandonment was not caused by the frozen debt markets that...

$334M in Commercial Mortgages are Likely to Default, Bank of America Buys Stake in China Construction
November 19, 2008
By Tonie Auer, Contributing Correspondent-- While Wall Street rebounded Tuesday in another turbulent session as investors rushed back into the market after the Standard & Poor's 500 index tested a 2003 low, the market for debt used to finance hotels,...

Management Matters with Mike Myatt; Web 3.0
November 20, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --As quickly as Web 2.0 arrived, it is being overcome by the next generation of digital applications and toolsets. Moreover, the need for broader understanding as to how to implement a more sophisticated...

Management Matters with Mike Myatt: Teach Them to Fish
November 14, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --Do you feed your employees, or do you teach them how to fish? Do you like to swoop in and save the day? Do you see yourself as the white knight that can...

Management Matters with Mike Myatt: Good Employees Are Not Expendable
November 07, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --Good employees are not expendable. As a CEO running a company during tough economic times, if your strategy to survive the economic downturn is to implement a slash and burn approach to cost...

Management Matters with Mike Myatt: Surviving the Economic Downturn
October 17, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --As odd as it may sound, if you want to survive the economic downturn, increase your marketing expenditures. If you're the short-sighted CEO who cuts back on marketing, branding, and advertising budgets in...

Management Matters with Mike Myatt: Are Recruiters Effective?
October 10, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Sourcing tier one talent is an issue for all businesses. I was recently asked if recruiters are effective, or if they're worth the investment. Since my firm has a talent management practice which...