Property Types Hospitality
Greektown to Get New Co-Owner in $100M Deal
May 6, 2008

The Sault Ste. Marie Tribe of Chippewa Indians has agreed to sell a sizeable stake in its Greektown Casino in Detroit to Entertainment Interests Group L.L.C. for $100 million. The two parties recently executed a purchase agreement that would leave EIG with a 40 percent ownership interest in the eight-year-old gaming property, which is currently undergoing an expansion with the development of a 400-room hotel and the addition of 25,000 square feet to its casino. The Michigan Gaming Control Board has to sign off on deal before the sale can move forward.

 
Recent Hospitality Headlines
$390M Expansion of Wisconsin Resort Takes Next Step with Commission's Approval
May 22, 2008
Delavan Resort Holdings L.L.C. has just received the green light from the City of Delavan Planning Commission to progress to the next phase of the $390 million redevelopment of Lake Lawn Resort, an upscale leisure destination in Delavan, Wis., 10 miles west of Lake Geneva.
Courtyard by Marriott Opens on Gulfport Beachfront
May 22, 2008
Almost three years after Hurricane Katrina's devastation along the Mississippi Gulf Coast, the Courtyard® by Marriott® Gulfport, located at 1600 East Beach Boulevard in Gulfport, has opened as the coast's beachfront hotel and meetings destination.
$4B Resort Complex for Vietnam's Vung Tau Province
May 22, 2008
Asian Coast Development Ltd. a privately held Canadian-based resort developer, has been awarded a highly coveted investment certificate by the government of Vietnam that allows for the construction of Vietnam's largest tourism venture, the Ho Tram Strip.
Work Gets Underway on New 215-Room Aloft Hotel in Aventura
May 22, 2008
Cabi Aventura Hotel L.L.P. and Aventura Development have just broken ground on a lodging facility in Aventura that will carry the flag of Starwood Hotels & Resorts Worldwide Inc.'s new aloft brand. Located about 17 miles from Miami, the 215-room property will also feature 5,000 square feet of meeting space.
Atlantic City Casinos Seeing Lower Profits
May 21, 2008 - Source: Philadelphia Inquirer
The city has hoped that adding new hotels, nightclubs, and shopping will help to compete with Pennsylvania's slot parlors, but times are looking tough.
 

 

How to Become a Great CEO
May 19, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --What does it take to become a great CEO? Much more than it did even 5 years ago to be sure. The rapidly changing global landscape and the evolving complexity of business makes...

Engaging Your Employees Essential
May 09, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Long gone are the days where the executive leadership of a company can remain sequestered in their offices with an internal focus on hard metrics. It is the soft metrics of customer centricity...

The Name Game: Part 3
May 02, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --This is the third and final piece in this series on naming. The first column dealt with how to select a naming firm, the second one addressed the components that go into creating...

The Name Game, Part 2
April 25, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --This week's column is part two in a three part series on naming. Last week's column contained advice on how to select a naming firm and today I'll address the elements that go...

The Name Game: Part 1
April 18, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --The disciplines of branding and corporate identity have long been personal passions of mine, and nothing within this genre holds greater fascination for me than the practice of corporate naming. This column is...