Property Types Hospitality
New Hotel Raises its Flag in Philly
Aug 15, 2008

Starwood Hotels & Resorts Worldwide Inc. has completed development of yet another hotel under its new Aloft lifestyle brand. Aloft Philadelphia Airport, located at 4301 Island Ave., is a five-story structure featuring 136 guestrooms, a fitness center and a conference room. Starwood managed to wrap up development of the Philly locale ahead of schedule; the company previously announced that the hotel would swing its doors open to guests on September 8. On a mission to bring its new premium select-ser vice brand to the market with a splash, Starwood is on a development spree. It revealed its first property under the flag, Aloft Montreal Airport in June, and opened its first U.S. Aloft destination in Ontario, Calif., later the same month. Aloft Chicago O'Hare and Aloft Charleston Airport & Convention Center have also recently come on the hospitality scene.

 
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...