Millions at stake in Majestic Star tax appeal - Post-Tribune

Millions at stake in Majestic Star tax appealPost-TribuneGARY — Are the Majestic Star Casino and Hotel properties worth $6 million or $50 million? The final answer to that question could save — or cost — millions of dollars for Gary, Lake County and a group of taxing units. The decision will rest on ...

Greene partnership pays $6.6 million for foreclosed hotel - Palm Beach Daily News

Greene partnership pays $6.6 million for foreclosed hotelPalm Beach Daily NewsHaving made his fortune investing in financially distressed properties, billionaire Palm Beacher Jeff Greene used a limited partnership this month to buy the foreclosed Comfort Inn and Conference Center at 1901 Palm Beach Lakes Blvd., just west of ...and more »

Patriots Point hotel breaks ground on $5 million restaurant and yacht club - Charleston Post Courier

Patriots Point hotel breaks ground on $5 million restaurant and yacht clubCharleston Post CourierThe nautically themed restaurant has not been named, but it will not be part of a national chain, according to hotel officials. It will offer local Charleston cuisine with a focus on seafood, hotel marketing director Tracy Mitchell said. The new ...and more »

Work starts next week on JW Marriott downtown convention hotel - Austin American-Statesman

Austin American-StatesmanWork starts next week on JW Marriott downtown convention hotelAustin American-StatesmanConstruction is set to start next week on the downtown JW Marriott convention hotel, after the developer recently received final approval of the project's building plans from the city of Austin. The $300 million hotel will rise 33 stories on the east ...and more »

Millions of Hotel Room Locks Have a Glaring Security Flaw That Won't Get Fixed - Gizmodo

ForbesMillions of Hotel Room Locks Have a Glaring Security Flaw That Won't Get FixedGizmodoWith less than $50 worth of parts and only a few seconds, millions of hotel room keycard locks around the world can be hacked and unlocked by robbers-cum-hackers trying to break into your room. The good news? The security flaw can be fixed. The bad ...Hotel Lock Firm's Security Fix Requires Hardware Changes For Millions Of ...Forbesall 5 news articles »

Inland Real Estate Corporation Pays August and Declares September Cash Distribution to Common Stockholders

Inland Real Estate Corporation today announced that it paid a cash distribution of $0.0475 per share on the outstanding shares of its common stock to common stockholder

Strategic to Buy Manhattan Essex House Hotel for $362.3 Million - Bloomberg

USA TODAYStrategic to Buy Manhattan Essex House Hotel for $362.3 MillionBloombergStrategic's purchase will be funded with cash and a $190 million mortgage from Bank of America Corp., the lodging company said. Marriott agreed to manage the hotel for 50 years and to guarantee as much as $21.5 million of hotel net operating income ...Strategic Hotels to Buy Jumeirah Essex House for $362 MillionFox BusinessStrategic Hotels reaches deal to buy NYC's Essex House Hotel for about $362.3MWashington Postall 55 news articles »

Allied Properties Real Estate Investment Trust Announces August Distribution

RLPC-UK hotel chain Travelodge agrees debt restructuring - Reuters

BBC NewsRLPC-UK hotel chain Travelodge agrees debt restructuringReutersLONDON Aug 17 (Reuters) - UK budget hotel chain Travelodge agreed a 635 million pound ($999.6 million) debt restructuring that will give lenders control of the business but confirms a significant loss for its Dubai owners who bought the company in 2006.Travelodge agrees rescue packageThe IndependentTravelodge to write off €300m of bank debtIrish TimesUK Travelodge restructures debt, losing 49 hotelsHOTELSall 79 news articles »

Jews Awarded Damages in California Hotel Case - New York Times

Jewocity.com Blog (blog)Jews Awarded Damages in California Hotel CaseNew York TimesA jury here put the total price tag for what it held to be an anti-Semitic episode at the Hotel Shangri-La at about $1.6 million on Thursday. The award includes about $1.2 million in compensatory damages and more than $400000 in punitive damages.Santa Monica hotel owner discriminated against Jews, jury findsLos Angeles TimesJury says Muslim hotel owner discriminatedCBS NewsHotel Owner Found Guilty of Discrimination Against Pro-Israel GroupJewocity.com Blog (blog)Jewish Telegraphic Agencyall 238 news articles »

Pure Industrial Real Estate Trust Secures Mortgage Financing of $12.3 Million

VANCOUVER, Aug. 16, 2012 /PRNewswire/ - Pure Industrial Real Estate Trust ("PIRET" or the "REIT") (TSXV: AAR.UN) today announced that the REIT has successfully secured additional mortgage ...

BTB Real Estate Investment Trust announces its distribution for the month of August 2012

Canadian Real Estate Investment Trust Announces August 2012 Distribution

TORONTO, ONTARIO-- - Canadian Real Estate Investment Trust today announced its August 2012 monthly distribution in the amount of 12.42 cents per unit . The August distribution will be payable on September ...

HealthLease Properties Real Estate Investment Trust Announces August 2012 Distribution

Morguard Real Estate Investment Trust to Redeem 6.50% Convertible Unsecured Subordinated Debentures

Partners Real Estate Investment Trust (TSX: PAR.UN) Announces Distribution of $0.05333 Per Unit

VICTORIA, BRITISH COLUMBIA-- - Partners Real Estate Investment Trust is pleased to announce a $0.05333 per unit distribution for August 2012. The distribution will be paid on September 17, 2012 to unitholders ...

Inland American Real Estate Trust, Inc. to Host Second Quarter 2012 Earnings Webcast

Inland American Real Estate Trust, Inc. will host an earnings webcast to discuss its second-quarter and year-to-date 2012 results as well as portfolio strategies for the second half of the year on Thursday, August 23, 2012 at 10 a.m.

Hotels sold record 500 million room nights through June - USA TODAY

USA TODAYHotels sold record 500 million room nights through JuneUSA TODAYDemand for rooms is stronger than ever, and through June, hotels sold more than 500 million room nights this year - a record. HOTEL TWEETS: Join USA TODAY's Barb DeLollis on Twitter MORE ONLINE: Cute baby owls check into Marriott hotel. As hotels fill ...and more »

Calloway Real Estate Investment Trust Releases Second Quarter Results

TORONTO, ONTARIO-- - Calloway Real Estate Investment Trust is pleased to report strong results for the second quarter ended June 30, 2012.Highlights during the quarter: -- Maintained portfolio occupancy ...

The Fairmont Copley Plaza Completes More Than $20 Million Restoration And Renovation - Hotel Interactive Network

As The Fairmont Copley Plaza celebrates its Centennial and begins its next century of service, the hotel has completed a more than $20 million restoration and renovation which included all of the hotel's guestrooms and suites, Fairmont Gold, the Lower ...

Austin Davis CRE Program

Sunday, August 19, 2012