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CATEGORY NAME
Historic Los Angeles High-Rise, Formerly the Case Hotel, to be Converted into Boutique Inn
December 14, 2013
Dec. 14--An empty high-rise hotel dating to the 1920s in downtown Los Angeles will be brought back to life by new owners who hope to make it into a four-star boutique inn. The 13-story former Case Hotel on the southeast corner of Broadway and 11th Street was purchased by local developers Frank Stork, the Kor Group and Channing Henry of Alma Development, the buyers said. They paid Jade Enterprises $13.5 million for the property, according to real estate broker Mike Condon Jr. of Jones Lang LaSalle. The development team plans to redesign and redevelop the old hotel to make it appeal to leisure travelers and downtown's growing population o
Wynn Resorts Going All in for Proposed $1.3 billion Gaming Palace in Everett, MA
December 14, 2013
Dec. 14--Wynn Resorts is going all in for Monday's hearing on the suitability of its proposed $1.3 billion gaming palace in Everett after the state gaming board backed a land deal for the pricey project yesterday. The Massachusetts Gaming Commission approved Wynn's revised option to buy a former industrial site in Everett from FBT Everett Realty LLC 4-0 on the conditions that the sale price be no more than $35 million -- about $10 million of which would go toward environmental cleanup -- and that the three partners who control the 29-acre parcel sign under oath a notarized document saying they would be the sole recipients of the cash. W
Despite New State Law, North Carolina Hotels Slow to Install Carbon Monoxide Detectors
December 14, 2013
Dec. 14--Few hotels in the Charlotte area appear to be complying with a new state law requiring installation of carbon monoxide detectors. In August, a new state law mandated that hotels and other lodging establishments install the detectors in every enclosed space with a fossil-fuel burning heater, appliance or fireplace and in every room that shares a wall, floor or ceiling with such spaces. The legislature acted after the deaths of three people from carbon monoxide poisoning at the Best Western in Boone. The law took effect Oct. 1. As of Dec. 4, the Mecklenburg County Health Department found that 21 of the 31 buildings it inspected h
Rival Hotel Firms, Aqua Hotels & Aston Hotels, United Due to Interval Leisure Group Acquisition
December 13, 2013
Dec. 13--Aqua Hotels and Aston Hotels, once fierce Hawaii competitors, are joining forces. Vacation Holdings Hawaii, a subsidiary of Miami-based Interval Leisure Group and owner of Aston Hotels & Resorts, has bought Aqua Hospitality/Aqua Hotels & Resorts. The deal, which closed on Thursday for an undisclosed amount, unites two Hawaii hotel management powerhouses. The changes are not expected to yield discernable differences for guests or for employees of both businesses, which will maintain separate leadership and images. However, it will give both hotel brands an expanded presence, which spans Oahu, Kauai, Maui, Hawaii island,
Jacobs Real Estate Advisors Acquires Hawthorne Suites by Wyndham San Antonio, Texas for $4.6 Million
December 13, 2013
Dec. 13--A New York-based Jacobs Real Estate Advisors purchased an extended-stay hotel on the Northeast Side. The Hawthorne Suites by Wyndham San Antonio near Loop 1604 and Interstate 35 is the sixth hotel the real estate investment firm acquired this year, according to a news release. The firm bought the property for $4.6 million from Live Oaks Apartments LP. In the last year, the hotel underwent a $2 million renovation. JREA Management, a sister company of the investment firm, will manage the property.
Tax Breaks OK’d, Clearing Way for Project Start on Dual-Branded Hotel Tower in Philadelphia, PA
December 13, 2013
Dec. 13--PHILADELPHIA -- At its last meeting of the year, City Council approved a package of tax breaks that should clear the way for construction of a 50-story hotel development in the heart of Center City. The vote on the tax deal was delayed nearly two hours after Council President Darrell L. Clarke called a recess to give the developers and union representatives more time to hash out a "labor peace agreement." Developer Brook Lenfest later emerged to say that he felt like he had "climbed Mount Everest" but that a deal had been reached that would make it easier to organize future hotel workers, such as maids, parking attendants, and
Iconic Hawaiian Coco Palms Resort Restoration Plan Not Dead Yet; Panel Works to Extend Permitting
December 13, 2013
Dec. 13--The Kauai County Council's Planning Committee wants to give an investment group more time to forge plans to restore an iconic resort battered by Hurricane Iniki in 1992 before the full Council decides whether to repeal an ordinance that helps expedite reconstruction of structures damaged by the Category 4 storm. The Planning Committee on Wednesday backed a proposal to defer action on Bill 2502, which would repeal the expedited permit process for Iniki-damaged structures, for two years while the group continues to set up plans for restoration of the Coco Palms Resort. Before it was shuttered 21 years ago, the resort -- best know
New Haven, CT Inks Deal for Development of Former Coliseum Site to Include Hotel & Convention Center
December 13, 2013
Dec. 13--NEW HAVEN -- As the outgoing administration lined up to sign a $395 million deal for a mixed-use development envisioned as a new neighborhood downtown, Mayor-elect Toni Harp pledged to go after the state funding that will make it a reality. "Whenever there is change there is often worry that things will happen and things won't be maintained," Harp said to a crowd of officials at City Hall Thursday to ink the plan with Max Reim of LiveWorkLearnPlay, a Montreal-based company. "I just want to assure the public that I believe in this project and this fabulous development team headed by Kelly Murphy basically gives us the ball. ...