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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: October 2010
California Hotel Foreclosure Activity Stacks Up
Atlas Hospitality Group reports that 529 California hotels were in default or had been foreclosed by the end of the third quarter – a nearly 11% increase from the second quarter of the year and a 71.2% increase over the same quarter last year. The number of foreclosed hotels grew from 100 in the second [...]
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How to Profit from Failing Banks and Defaulting Hotels
Brightside Alliance Fund Target Bank List 16/10/2010
Alex Pape:
Opportunity abounds – When the FDIC seizes and sells a bank, whoever buys it often typically takes on only the healthy parts of the bank, usually leaving the FDIC with most of the so-called toxic assets. In short, the buyer makes out like a bandit. The same goes [...]
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U.S. Fed committee finds economic setbacks
WASHINGTON, D.C.—Participants of the 21 September joint meeting of the Federal Open Market Committee and the Federal Reserve board of governors concluded the pace of the economic expansion slowed during the past few months, but it is unlikely the economy will re-enter a recession. Based on the slower pace, the group lowered its projection for the [...]
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Top 25 U.S. markets have ground to make up
The top 25 markets in the United States have some work to do to get back to previous operating levels. The markets need to make up, on average, US$17 in rate and 1.25 million rooms sold to make up the ground lost to the recent downturn, STR COO Brad Garner said during the Hotel Data [...]
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Federal Way 3-tower skyscraper project gets extension
Federal Way city leaders pressed developers with questions during a heated discussion Tuesday night before narrowly granting them six more months to buy city land for building a three-tower skyscraper project reaching 45 stories in downtown. The City Council voted 4-3 to extend the closing date to sell its property to Twin Development for $6.1 [...]
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Deutsche Bank says 2/3 of loans maturing from now through 2018 cannot be refinanced
Deutsche Bank says 2/3 of loans maturing from now through 2018 cannot be refinanced. On a national scale, a recent Deutsche Bank report estimated that at least two-thirds of CMBS loans maturing between now and 2018 will unlikely qualify for refinancing at maturity without significant equity infusions from borrowers. We believe this estimate reasonably applies [...]
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Hilton workers in Chicago start 3-day strike
Hundreds of Hilton Chicago Hotel workers have started a three-day strike that union officials say is in protest of the hotel chain’s efforts to “lock workers into cheap recession contracts.” Unite Here Local 1 spokeswoman Annemarie Strassel told The Associated Press workers began striking in Chicago Saturday and won’t return to their jobs until Tuesday. [...]
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Atlanta #1 in ADR increase to US$94.64
Atlanta experienced the largest ADR increase, rising 10.8 percent to US$94.64, followed by New York, New York, with a 10.2-percent increase to US$280.39. Denver (-3.4 percent to US$99.13) and St. Louis (-3.4 percent to US$82.31) reported the largest ADR decreases for the week.
Five markets posted RevPAR increases of more than 15 percent: New Orleans (+29.3 [...]
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Global Hospitality Advisor: National implications of the July 2010 Atlas Hospitality Group distressed hotels survey
Hotel Lawyer with a cold splash of realism from new economic data! If you are not ready for the “long haul,” it is time to reassess your strategies . . .
The hotel lawyers of JMBM’s Global Hospitality Group® believe investors, borrowers and lenders should assess their options and develop their strategies based on realistic assumptions [...]
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Sheraton Center City sold to Blackstone in Columbia Sussex package
Among the package of 14 hotels that Blackstone Group L.P. of New York has bought from Columbia Sussex Corp. in exchange for acquiring its debt is the Sheraton City Center at 17th and Race Streets. ”I think change is good, in general, and I think the staff is excited about moving forward with new ownership,” [...]
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Denver’s Ritz-Carlton earns AAA’s 5-diamond award
The Ritz-Carlton, Denver has been awarded AAA’s five-diamond award for hotels, its highest ranking, the American Automobile Association announced Thursday. The Ritz-Carlton, at 1881 Curtis St., is the only hotel in Denver, and one of just four in Colorado, that will carry the auto club’s five-diamond rating in 2011, up from three this year. “To [...]
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HOTEL REIT: How REITs Work
REITs offer the benefit of owning real estate without having to be a landlord. Investing in income-generating real estate can be a great way to increase your net worth. But for many people, investing in real estate, particularly commercial real estate, is simply out of reach financially. But what if you could pool your resources [...]
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TOP TEN NEW BUDGET HOTELS FROM AROUND THE WORLD
NOTE FROM ED: We love the QBIC, we agree in philosophy 100% with All Seasons, good job ACCOR!
ALL SEASONS HOTEL……..PICS FROM GOOGLE
ETAP HOTEL……. PICS FROM GOOGLE
IBIS HOTEL ……. PICS FROM GOOGLE (tour click here)
KRIAD HOTEL……. PICS FROM GOOGLE
PREMIER CLASSE……. PICS FROM GOOGLE
EASY HOTEL……. PICS FROM GOOGLE
YOTEL……. ….. PICS FROM GOOGLE
FORMULA 1 HOTEL……. PICS FROM GOOGLE
QBIC HOTEL……. PICS FROM GOOGLE
DOLBY HOTEL……. PICS FROM [...]
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Google Maps Tests Integrated Hotel Price Listings
CLICK HERE TO CHECK IT OUT! ED NOTE: pretty neat functionality. Google also just bought a reservations systems. JLD……
If you’ve ever tried using the web to book a vacation, there’s a good chance you found yourself juggling a half-dozen tabs at once: a couple for hotel review sites, a booking engine or two, and, finally, [...]
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MGM Resorts, Kimpton Earn Green Certification for 22 Hotels
MGM Resorts International and Kimpton hotels have received green certification for almost two dozen properties in California, Nevada and Michigan. In the recent surge of certifications, the green validation of 12 MGM Resorts recognizes efforts to reduce energy and water consumption and other environmental impacts at some of the larger, high-profile properties in the U.S., [...]
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Small Business Bill: Hotel View – CK Patel
“Passing the Small Business Jobs Act is a major first step for the federal government to provide assistance to hoteliers and small business owners who need financing in order to operate their businesses and keep their doors open,” said ChandraKant “C.K.” Patel, chairman of the Asian American Hotel Owners Association, a 10,000 member strong trade [...]
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Hotel industry seeks ways to make up lost revenue
The nation’s hotel industry, already struggling to pull out of its worst slump in decades, is now suffering from another loss in revenue because of the booming popularity of cell phones and laptop computers. In the past, hotel operators could expect to collect extra money by charging guests for in-room phone calls and on-demand movies. [...]
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St. Regis Aspen sale finalized for $70MM
ASPEN — The sale of the St. Regis Aspen was completed by Starwood Hotels & Resorts Worldwide Inc. this week in a $70 million deal that will see no change in management of the luxury hotel, the company said. Starwood sold the property to 315 East Dean Associates Inc., which is represented by Bangkok-based OptAsia [...]
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Wi-Fi at top of amenity list
J.D.Power and Associates recently released its 2010 North America Hotel Guest Satisfaction Index Study which is based on responses of more than 53,000 guests who stayed in a hotel between May 2009 and June 2010. This article focuses on Hotel Guest Internet Demands. In today’s digitally connected world, guests’ desire for access to the Internet [...]
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Real life story: Profitable hotel owner sees foreclosure, bureaucratic bungles, loss of entire fortune….