On Wednesday, DC officially took possession of 66 acres of the 110-acre former Walter Reed Army Medical Center campus. The District paid $22 million for the Ward 4 property and intends to ground lease it for $25 million to a … Continue reading →
Trump Hotels has announced a new hotel line called Scion. In a press release, the company describes the Scion brand as “a multi-faceted lifestyle brand developed in response to the boom in social clubs and the “we” economy.” The first … Continue reading →
New York State has enacted a law authorizing fines of up to $7,500 for short-term apartment rentals (fewer than 30 days) when the owner or tenant is not present. The law targets Airbnb which, as of August 2016, had 45,000 … Continue reading →
Brooklyn-based furniture retailer West Elm will open a chain of boutique hotels starting in 2018, according to Business A large number of men are looking to improve buy levitra learn this here now your health life, a strong tantric massage … Continue reading →
The Watergate Hotel reopened last month after nine years and following a $125 million renovation. The 368-key five-star hotel is owned by Euro Capital Properties, who purchased it in 2010 for $45 million, according to Commercial Property Executive. generic tadalafil … Continue reading →
New York-based non-traded REIT Carey Watermark Investors 2 has acquired the Le Méridien Arlington, a 154-room, four-star hotel in Arlington, Virginia’s Rosslyn neighborhood for an undisclosed price. The Starwood Hotels & Resorts brand hotel is undergoing a $3 million soft … Continue reading →
Shareholders of both Marriott International and Starwood Hotels & Resorts Worldwide Inc. have approved Marriott’s $14.41 billion acquisition of Starwood, according to The Washington Post. Starwood stockholders will receive 0.8 shares of Marriott common stock at closing plus $21.00 in … Continue reading →
With an area of about five million square feet, Isfahan City Centre is Iran’s largest shopping mall. The center, which is being built in phases, opened in 2012 and is expected to complete in 2016. In addition to 750+ retail … Continue reading →
Europe, Middle East and Africa (EMEA) hotel expectations for leveraged IRR requirements are at 14.2 percent – 130 basis points below the long-term average of 15.5 percent, according to the December 2014 Jones Lang LaSalle Hotel Investor Benefits of taking … Continue reading →
On Friday, a three-judge panel of the US Third Circuit Court of Appeals reversed a lower court’s decision on the $95.4 million sale of Atlantic City’s Revel Casino to Florida developer Glen Straub, according to The Wall Street Journal. The decision … Continue reading →