Friday, August 31, 2012

Hospitality group pays $17.1 million for Eldon Hotel - Bizjournals.com

Hospitality group pays $17.1 million for Eldon Hotel - Bizjournals.com

Hospitality group pays $17.1 million for Eldon Hotel - Bizjournals.com

Hospitality group pays $17.1 million for Eldon HotelBizjournals.comThe Eldon Luxury Suites hotel at 933 L St. NW sold for $17.1 million, or about $342,000 per room, to a hospitality group that also owns several other boutique hotels in the District. The group acquired the 50-room hotel in D.C.'s Shaw neighborhood on Aug.

Tourist volume, spending, hotel rates push higher for Labor Day - Las Vegas Review - Journal

Las Vegas Review - JournalTourist volume, spending, hotel rates push higher for Labor DayLas Vegas Review - JournalMiles Jackson, 4, waits in line at the MGM Grand on Thursday. An estimated 303,000 people are forecast to visit Las Vegas for Labor Day weekend, up 0.7 percent from 2011's total. Expected nongaming economic impact is $178.7 million, up 3.9 percent from ...Labor Day travelers face traffic congestion, high gas pricesUSA TODAYall 1,018 news articles »

Airport Hyatt owner owes $8.4 million - Pittsburgh Post Gazette

Airport Hyatt owner owes $8.4 millionPittsburgh Post GazetteEven in the best of times, it was unreasonable, he said, to expect hotel room rates in a market like Pittsburgh to generate enough money to pay off $64.5 million in bonds with interest rates of 6 percent to 6.2 percent. "The bottom line here is that ...

New Adelphi Hotel owners in Saratoga happy with first summer season - Bizjournals.com (blog)

New Adelphi Hotel owners in Saratoga happy with first summer seasonBizjournals.com (blog)DONNA ABBOTT VLAHOS | THE BUSINESS REVIEW. Toby Mildé, president of the partnership that bought the Adelphi Hotel in May for $4.5 million, said the partners are finalizing plans for $6 million to $7 million in renovations over the winter and spring.

Historic Moscow hotel is sold - KTVL

Historic Moscow hotel is soldKTVLThe Hotel Metropol was sold today for $275 million at an auction organized by the Moscow city government as part of its privatization program. The winning bid was slightly more expensive than the starting price of $272 million. The buyer is a major ...and more »

Moscow's Hotel Metropol Sold At Auction (PHOTOS) - Huffington Post

AFPMoscow's Hotel Metropol Sold At Auction (PHOTOS)Huffington PostThe hotel was sold Thursday for $275 million – slightly more expensive than the starting price of $272 million – after an auction organized by the Moscow city government as part of its privatization program. The buyer was Azimut, a major Russian hotel ...Moscow sells historic Metropol hotel for $277 millionAFPMoscow's Metropol Hotel, luxurious witness to Russia's troubles and triumphs ...Washington Postall 364 news articles »

Moscow sells historic Metropol hotel for $US277 million ($267 million) - NEWS.com.au

Moscow sells historic Metropol hotel for $US277 million ($267 million)NEWS.com.auMOSCOW has sold off for $US277 million ($267 million) its landmark Hotel Metropol near the Kremlin, an iconic Art Nouveau building where Lenin once gave speeches and stars like Michael Jackson have stayed. Starting at 8.7 billion rubles ($US270 million ...

Famous Dublin Burlington hotel for sale at $81 million - a quarter of its 2007 ... - IrishCentral

Famous Dublin Burlington hotel for sale at $81 million - a quarter of its 2007 ...IrishCentralThe south Dublin city center Burlington Hotel is set to sell for between $81 and $95 million (€65 and €75m). In 2007, property developer Bernard McNamara had bought the property for $360 million (€288m). The landmark four-star hotel has 500 rooms and ...

Moscow's Hotel Metropol sold at auction - Seattle Post Intelligencer

Moscow's Hotel Metropol sold at auctionSeattle Post IntelligencerThe hotel was sold Thursday for $275 million — slightly more expensive than the starting price of $272 million — after an auction organized by the Moscow city government as part of its privatization program. The amount was expected to get much higher ...

Monrovia developer sues city, former redevelopment agency for $106 million

MONROVIA - A local developer is suing the city and the former Redevelopment Agency for $106 million, alleging officials did not live up to agreements regarding a planned 80-acre, transit-oriented development south of the 210 Freeway, officials said Wednesday.

New multi-million pound hotel and 'urban resort' for Edinburgh - Scotsman

ScotsmanNew multi-million pound hotel and 'urban resort' for EdinburghScotsmanAbout 120 jobs will be created when the De Vere Group opens its first venture in the capital on the site of an empty office block near the Western General Hospital. It will be a major boost for the city's tourism industry, which has seen a number of ...De Vere Group plans luxury hotelnews.caterer.comall 3 news articles »

Marina redevelopment back on track

The on-again-off-again redevelopment of the Fort Erie marina — worth over a hundred million dollars — appears to once again be moving forward.

Multi-million pound plans unveiled by Hawes firm

DAIRY bosses have unveiled multi-million-pound redevelopment plans to secure the future of a creamery.

New state law may allow Whittier to use redevelopment bond proceeds

WHITTIER - A new state law has given city officials some hope they may be able to use about $40 million in redevelopment bond proceeds.

Settlement approved to shore up Reno's redevelopment agency finances

Who pays what? • A property tax settlement that will make Reno's redevelopment agency solvent means Reno, Washoe County, the Washoe County School District and the state will return $5.5 million in miscalculated property taxes to the redevelopment agency.

Redevelopment ensures Sharks keep swimming

Just two years after being on the brink of collapse, Cronulla is on the verge of becoming Sydney's NRL super club after being granted approval for a $300 million redevelopment of the club's land.

Hospital upgrade boosts southern services

A $163 million redevelopment of Flinders Medical Centre (FMC) in Adelaide has been officially opened by the Premier and Health Minister.

Will Bunbury Council back Forum expansion?

The $80 million redevelopment of Bunbury Forum will go to a vote at the Bunbury City Council tonight in what is considered the most complex decision to ever cross the council's desk.

Leslie Groves upgrade on target

A $6.5 million redevelopment at Leslie Groves Hospital is on track for completion by late November. read more

Yonkers IDA agrees to tax breaks for $22 million downtown redevelopment

A $22 million plan to turn five downtown properties into lofts, shops and restaurants is moving ahead with initial approval from the city's Industrial Development Agency.

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