Monthly Archives: February 2011

Condo sale caps downtown LA complex’s final stage

By editor | Published: February 28, 2011
LOS ANGELES—The builder of downtown Los Angeles’ LA Live development says the entire hotel and entertainment complex is now officially open for business, with the first buyer closing escrow on a unit in the center’s luxury condo tower.  Entertainment company AEG says the completion of the unit’s sale Tuesday in the Ritz-Carlton Residences completes the [...]
Posted in Hotels | Comments closed

The man who designed the world’s tallest tower, one year on….

By editor | Published: February 26, 2011
As the Burj Khalifa lit up the Dubai sky with fireworks in the early hours of 2011, the world’s tallest tower was days away from another anniversary – its first birthday. From his office on the 42nd floor of Emirates Towers, Eric Tomich wouldn’t have been able to see the fireworks, because although the southern side [...]
Posted in Investments | Comments closed

Summit Hotel Properties, Inc. Prices Initial Public Offering

By editor | Published: February 12, 2011
Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”) today announced the pricing of its initial public offering of 26,000,000 shares of common stock at a public offering price of $9.75 per share. The offering is expected to close on February 14, 2011. The underwriters have been granted a 30-day option to purchase up to an additional [...]
Posted in Uncategorized | Comments closed
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