Hotels

LAS VEGAS-News of the extension of the offer, and of a possible increase in the per-share-offer price, helps push shares of MGM Mirage to a new 52-week high.

PHILADELPHIA-The owner/manager of Rittenhouse 1715 Hotel, which combines three historic buildings, wants to focus on less time-intensive projects.

ANAHEIM, CA-The deal calls for the Spokane, WA-based hotel chain to acquire the leasehold interest in the Radisson Hotel Maingate-Anaheim.

PALM SPRINGS, CA-The KOR Hotel Group renames its Estrella Resort & Spa, christening it the Viceroy Palm Springs. The company also plans an expansion of the property.

DENVER-Steve Case, co-founder of America Online, buys a 50% ownership stake in Exclusive Resorts as part of a portfolio of post-AOL investments.

SCOTTSDALE, AZ-Fierce lender competition helps Walton Street Capital to get a favorable rate on a $33.5-million first mortgage and pay down initial debt for the four-year-old, 270-room Scottsdale Marriott at McDowell Mountains.

MANALAPAN, FL-Crescent Real Estate Equities Co. and Westbrook Real Estate Fund IV LP, which each owned 50% of the luxury, 270-key resort here, sold it to an undisclosed private investor.

PHOENIX-The resort owner will pay a dividend of 10 cents, marking the third consecutive payout. The dividend is payable Oct. 10 to qualified shareholders. The last earnings report reflected income of $1.5 million.