DNC pushes hotel income to four-year high

DNC pushes hotel income to four-year high

Boosted by the Democratic National Convention, Mecklenburg hotels generated more revenue in September than any month in at least four years, according to recently released tax receipts.

Morgans Hotel Group Reports Third Quarter 2012 Results

NEW YORK, Nov. 1, 2012 /PRNewswire/ -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG" or the "Company") today reported financial results for its third quarter ended September 30, 2012.  ...

New Stress for Struggling Commerical Properties: Sandy - Wall Street Journal (blog)

New Stress for Struggling Commerical Properties: SandyWall Street Journal (blog)Mr. Trifon predicted that the number of commercial properties needing the attention of special servicers will be more than what was seen after Hurricane Katrina, given the increased density of the affected areas. The number will depend on the extent of ...and more »

Apollo Commercial Real Estate Finance, Inc. Announces Third Quarter 2012 ... - iStockAnalyst

Apollo Commercial Real Estate Finance, Inc. Announces Third Quarter 2012 ...iStockAnalystNEW YORK, NY -- (Marketwire) -- 11/01/12 -- Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today reported Operating Earnings (a non-GAAP financial measure as defined below) of $9.2 million, or $0.44 per share, for the ...and more »

Sunstone Hotel Investors Reports Results For Third Quarter 2012

ALISO VIEJO, Calif., Nov. 1, 2012 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company") (NYSE: SHO) today announced results for the third quarter ended September 30, 2012.Third Quarter ...

Sandy Property Damage Of $20 Billion May Spare REITs - Investor's Business Daily

Sandy Property Damage Of $20 Billion May Spare REITsInvestor's Business DailyHurricane Sandy property damage could reach $20 billion, much of it uninsured. But early estimates suggest REITs won't be hard hit, because of what they own and where — often it's big buildings in city centers. The 1,000-mile-wide superstorm that ...and more »

Doors of 60-Unit Affordable Housing Complex Open in Miami - Commercial Property Executive (blog)

Commercial Property Executive (blog)Doors of 60-Unit Affordable Housing Complex Open in MiamiCommercial Property Executive (blog)"Our goal is to provide families the foundation for a fresh start and to make a meaningful impact in the lives of individuals in search of an affordable place to call home," Stephanie Berman-Eisenberg, president and CEO of Carrfour, told Commercial ...and more »

Towson University Marriott Conference Hotel: A New Look and Feel

The Towson University Marriott Conference Hotel, already a leader in the field of extended-stay lodging in Baltimore, completed a multi-million dollar renovation in April of this year. The transformed ...

Alternative Ways to Finance Commercial Property - AllAfrica.com

Alternative Ways to Finance Commercial PropertyAllAfrica.comAlthough there is a general interest throughout South Africa in investing in commercial property, it is also true that a high proportion of those wanting to do this are deterred from doing so because they cannot get bank finance, says Jason Lee ...Contract Rescission: "As-Is" Clauses and MisrepresentationJD Supra (press release)all 3 news articles »

Sandy Seen Lifting Insurance Prices Amid 'New Reality' - Businessweek

Sandy Seen Lifting Insurance Prices Amid 'New Reality'BusinessweekCarriers that underwrite business property may be "pushing rate" in the aftermath of Sandy, said Al Tobin, managing principal of the property practice at Aon Risk Solutions, the insurance brokerage arm of London-based Aon Plc. (AON) Insurers and their ...and more »

Claims Strategies Group Offers Hurricane Sandy Assistance for Homeowners ... - Sacramento Bee

Claims Strategies Group Offers Hurricane Sandy Assistance for Homeowners ...Sacramento BeeFor some homeowners and commercial property owners, the aftermath of Hurricane Sandy could bring a whole second round of troubles. The storm passed and now the affected have to negotiate with their insurers to get the cash they need to repair wind and ...and more »

Booth leads star guests at hotel opening

The spirit of The Great Gatsby was channelled at the much-anticipated opening of The Terrace Hotel tonight.

Spanish bad bank faces struggle to lure property investors - Fox Business

Spanish bad bank faces struggle to lure property investorsFox BusinessReal estate consultants predict that almost two-thirds of assets that the government's newly-created bad bank is due to take over from commercial banks will fail to attract investors, at least in the short term and possibly ever. Spain is setting up ...and more »

Commercial Property Sales - Philadelphia Inquirer

Commercial Property SalesPhiladelphia InquirerSelecting one of the map's pushpin property markers will bring up information about that sale. Double-clicking inside the map (but not on a property marker) will zoom in on the map. Alternatively, you can use the sliding zoom control on the left side ...

Summit Hotel Properties Acquires Another Hotel

Summit Hotel Properties, Inc. today announced the closing on October 23, 2012 of its acquisition of the 98-room Hilton Garden Inn in Fort Worth, Texas for a purchase price of $7.2 million.

DC to commercial property owners: Shut your doors in the summer or face fines - Bizjournals.com (blog)

DC to commercial property owners: Shut your doors in the summer or face finesBizjournals.com (blog)On a typical summer day in D.C., overheated pedestrians may be lured into shops, restaurants, museums and office buildings by the cool air escaping from propped-open doors and windows. But air conditioning as a marketing tool may be coming to an end ...

Palm Beach County approves controversial convention center hotel deal

West Palm Beach gets a new hotel, while property taxpayers countywide end up with a $27 million bill.

Chesapeake Lodging Trust Acquires The Hotel Minneapolis

Chesapeake Lodging Trust announced today that it has acquired the 222-room The Hotel Minneapolis, a Marriott Autograph Collection hotel, located in Minneapolis, Minnesota for a purchase price of $46.0 million, or approximately $207,000 per key.

Hyatt Announces Purchase of Downtown Minneapolis Hotel for Conversion to Hyatt Place

Hyatt Hotels Corporation today announced that a Hyatt affiliate acquired a select service hotel in downtown Minneapolis and will rebrand the hotel as Hyatt Place Minneapolis Downtown following $20 million in capital improvements.

Controversy over the Kirk's £13 million luxury hotel in the Holy Land

A high-level Church of Scotland delegation has just visited Israel, amid continuing controversy over the Kirk's ownership of a luxury hotel in the town of Tiberias, on the Sea of Galilee.