Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
LONDON-Beleaguered hotel chain Le Meridien is to revalue its global portfolio. The move is thought to presage possible sell-off of properties in order to reduce the company's debt mountain.
ALBANY-A significant hurdle has been scaled by New York State and the St. Regis Mohawk Tribe in settling issues that could have thwarted the tribe from developing a $500 million casino resort in Sullivan County.
DENVER-Angry over what it says is lax enforcement of city rules requiring union labor on current construction sites, the Colorado Building Trades Council wants to put a referendum on next November's ballot that would ask voters to decide whether there should be a new convention hotel in Denver.
WASHINGTON, DC-A groundbreaking ceremony on March 6 is in the works to officially kick off the development of the 233-suite Residence Inn Marriott. The $43-million endeavor is the product of The Donohoe Cos., Hospitality Partners and Four Fires LLC.
LOS ANGELES, CA-The $4 million renovation project at the former Wyndham property is nearing completion. The hotel is in a building that dates back to the 1920s and is designated as a historic site.
DENVER-The $40-million, 196-room J.W. Marriott is expected to command average room rates of about $170 per night when it opens in the spring of 2004 on the Sears Roebuck & Co. site.
CHERRY HILL, NJ-The Growth Properties asset, located in the metro Philadelphia market and formerly operating under the Sheraton flag, reopens for guests today after a $5 million makeover.
BASTROP, TX-The Dallas-based Woodbine Development team is keeping to the schedule as work proceeds on pre-development design, a marketing study and permitting for the 635-acre project.
DALLAS-August will pass without LaSalle Hotel Properties and Le Meridien sitting down at the conference table, as ordered by the Dallas courts. Conflicts on both sides delay talks as they jockey for a mutually acceptable date.
IRVINE, CA-Timeshare developer MPTV Inc. has renewed its permits to renovate five buildings at its Lake Tropicana timeshare resort near Las Vegas, which is planned to include 144 apartments in 22 buildings, a tennis court, a spa, swimming pools and other recreation facilities. MPTV is seeking funding to complete the project.