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Manchester Arts District »NEW 2010 - Active
Daniell Development To Take On Largest Penthouse Project »July 2009 - Closed
Residential Portfolio III: Income Producing Portfolio »October 2009 - Closed
Residential Portfolio: Upscale Income Producing Portfolio »June 2009 - Closed
Bond structure on new hotel: Sheraton Atlanta »May 2009 - Active
Subdivision Portfolio: 40 New Homes: Performing »April 2009 - Closed
Bank Partner Golf Course Portfolio »April 2009 - ClosedFeb 2009 Subdivision Portfolio: Townhome Partnership Performing »February 2009 - ClosedCountry Club Portfolio: Performing, Partnership »February 2009 - ClosedPlease contact Daniell Development, Inc.
for complete projects list.
Monthly Archives: December 2009
Cooking up hotel restaurant promotions
INTERNATIONAL REPORT—Wine tastings, cooking classes and New Year’s Eve parties are just a few of the ways that hotels are boosting their foodservice business leading up to the holidays.
The Drake Hotel in Toronto, Ontario, recently launched holiday entertaining and relaxing classes, called Drake Academy. “You book the food and beverage for your corporate or social [...]
Posted in Hotel Food and Beverage, Uncategorized Comments closed
Merry Christmas
Merry Christmas
Our staff wishes you a very Merry Christmas and we hope you like this photo from Beijing, China. We think the lighted tree is very beautiful and was lit by fibre optics.
Posted in Uncategorized Comments closed
Top Ten Food Trends for 2010
Keeping it Real
In a back-to-basics economy it is natural to return to basic ingredients. This isn’t about retro, or comfort food, or even cost. It’s about determining the essentials and stocking your pantry accordingly. It is about pure, simple, clean and sustainable. It is – dare we say – a shift from convenience foods to [...]
Posted in Hotel Food and Beverage, Uncategorized Comments closed
ADIA buys 10.9 percent of Hyatt Hotels
ABU DHABI, Dec 15 (Reuters) – The Abu Dhabi Investment Authority (ADIA), one of the emirate’s sovereign wealth funds, has bought 10.9 percent of Hyatt Hotel’s (H.N) class A shares, according to U.S. regulatory filings.
The purchase puts ADIA’s total equity stake in the Chicago-based hotel chain at less than 3 percent.
In a filing with the [...]
Posted in Uncategorized Comments closed
eforcasting.com’s ‘HIP’ shows setback…
DURHAM, New Hampshire—This morning, economic research firm e-forecasting.com in conjunction with Smith Travel Research announced HIP hit another bump in November.
After edging down 0.1 percent in October, HIP went down 1.8 percent in November. HIP, the Hotel Industry’s Pulse index, is a composite indicator that gauges business activity in the U.S. hotel industry in real-time, [...]
Posted in Uncategorized Comments closed
IPO update: Chesapeake, Pebblebrook, Pyramid and Starwood
Chesapeake Lodging Trust
Chesapeake Lodging Trust, of Fairfield, New Jersey, has decided to table its planned initial public offering of US$250 million, according to various media reports.
The hotel real-estate investment trust had planned to offer 12.5 million shares. The REIT was targeting upper-upscale hotels in “major business, airport and convention markets,” as well as premium select-service [...]
Posted in Uncategorized Comments closed
Hotel Forecast “HIL” Leading Indicator shows positive for 5 months: June thru October 2009
Article to follow: Quick overview on HIL: Economic predictive model from e-Forecasting.com that ‘leads by 4-5 months’ the Hotel Industry by weighting and averaging 9 economic current indicators. eForecasting.com consists of Evangelos Simos, professor of Economics at Whittemore School of Business and Economics, and his daughter Maria Simos. Together with STR they based the indicator on [...]
Posted in Market News, Uncategorized Comments closed
PKF announces US lodging industry recovery will accelerate
ATLANTA, Georgia – PKF Hospitality Research (PKF-HR) today announced that, according to its December 2009 edition of Hotel Horizons®, the pace of recovery of the U.S. lodging industry has accelerated from previous expectations. Improving industry data for such key indicators as occupancy, RevPAR, and demand suggest that the recovery will arrive a full quarter earlier [...]
Posted in Market News Comments closed
Interstate Hotels & Resorts to be bought by Thayer and Shanghai Jin Jiang International
NEW YORK (MarketWatch) — Interstate Hotels & Resorts (IHR 2.22, +0.95, +74.80%) said Friday it agreed to be purchased for $2.25 a share in cash in a deal valued at $307 million. The buyer is Hotel Acquisition Company, LLC, a 50-50 joint venture between subsidiaries of Thayer Hotel Investors, a private equity fund sponsored by Thayer Lodging Group, [...]
Posted in Uncategorized Comments closed
Georgia’s RockBridge Commercial 134th bank failure
(MarketWatch) — Atlanta’s RockBridge Commercial Bank became the 134th bank failure of the year, according to the Federal Deposit Insurance Corp. on Friday. The FDIC said it was unable to find another bank to take over RockBridge’s operations, and said that checks to retail depositors will be sent out on Monday. As of Sept. 30, [...]
Posted in Uncategorized Comments closed
Joseph Baum & Michael Whiteman Co. put out a piece predicting F&B trends
1. Beaten down consumers need safe habor, want to build emotional ties and connect with their communities. He calls it the “campfire experience.”
2. Look for more snacky things, small plates and portion options such as a “communal” main course with lots of sides to share.
3. Continued upscaling of burgers, dogs, french fries and other meats you can put [...]
Posted in Hotel Food and Beverage, Uncategorized Comments closed
Look before you leap into an acquisition fund
By Joel Ross
HotelNewsNow.com columnist
Lately I have seen some lists that suggest there are numerous hotel acquisition funds with cash and at least three new public offerings in the works for blind pools. However, upon careful examination of these various names, it is apparent that some are not really hotel-focused and some are very narrowly focused. [...]
Posted in Funds Comments closed
Chesapeake Lodging postpones IPO for hotel REIT…
Last week a REIT, New Jersey-based Chesapeake Lodging Trust Corp, which hoped to raise about $250 million, postponed indefinitely its IPO due to market conditions.
Posted in Funds, Uncategorized Comments closed
Bidding wars could help the slow climb in hotel valuations
REPORT FROM THE U.S.—The ever-growing line-up of hotel real-estate investment trusts has given some industry experts hope that hotel values might within the year begin a long, slow climb back.
REITs have been busy building up their war chests during the past several months in hopes of picking up distressed hotels at bargain basement prices. This [...]
Posted in Market News, Uncategorized Comments closed
Sleep Inn: Hartsfield-Jackson International 63K/ROOM 82% OCC 63 ROOMS
1911 Sullivan Road, College Park, GA 30337
Full-service features and amenities include free airport transportation, free continental breakfast, and free local calls. The business meeting room accommodates up to 20 people for meetings and business events.
In addition to the standard amenities, all spacious guest rooms feature cable television, irons and ironing boards, non-smoking and handicap accessible [...]
Posted in Hotels for Sale, Uncategorized Comments closed
Pebblebrook Hotel Trust IPO Plans to Invest in Luxury Hotel Properties
Pebblebrook Hotel Trust (PEB), a newly formed REIT which intends to invest in upscale hotel properties located in large US cities, is due to go public this week.
Business Overview (click for prospectus)
Offering: 17.5 million shares at $20 per share. Net proceeds of approximately $327.6 million will be used for hotel property investment.
Lead Underwriters: BofA Merrill Lynch [...]
Posted in Funds Comments closed
2010 Lodging Report and Forecast: REVPAR GURU’s Hotel Industry Predications for the Coming Year
This is a quick summation of topics. For full article from ehotelier.com, please click here.
2010 will present at least as many opportunities as challenges. The recovery will lean favorably on innovators.
Hotels and resorts must optimize what they already have in 2010; in terms of guests, this means putting a premium on incremental revenue derived from [...]
Posted in Market News, Uncategorized Comments closed
Thayer Lodging Group has raised $280 Million in Commitments
Thayer Lodging Group, a privately held, real estate investment company, today announced the final closing of Thayer Hotel Investors V LP and a parallel fund, Thayer Hotel Investors V-A LP. With approximately $280 million in equity commitments, the new discretionary equity funds for lodging investments expect to selectively acquire between $600 and $700 million in [...]
Posted in Funds Comments closed
SWF: BEST THREE LETTERS ON PLANET. No, not ‘Single White Female’… Sovereign Wealth Fund