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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.
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Category Archives: Hotels for Sale
South Florida Red Roof Inns face foreclosure
Two Red Roof Inn properties in South Florida have been hit with foreclosure actions as part of a securitized lender’s move to repossess up to 52 of the company’s hotels.
As the representative of a commercial mortgage-backed securities (CMBS) fund managed by Miami Beach-based LNR Partners, DMARC 2007-CD5 LeJeune Road filed a foreclosure lawsuit against R-Roof IV [...]
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Trump Soho brings chic to the brand
REPORT FROM NEW YORK—Trump Soho represents the next generation of Trump Hotels, according to Jim Petrus, COO of the Trump Hotel Collection.
The 46-story skyscraper looming over New York’s downtown Soho neighborhood is scheduled to open this Friday.
Soho is a bit of a leap for us,” said Petrus. “It’s a different customer base, a little more [...]
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Atlanta Downtown: W Hotel owners working to prevent foreclosure
A junior lender on the W Atlanta-Downtown hotel and condos at Allen Plaza has advertised the posh hotel for foreclosure, but the project’s developer said Wednesday he is in talks to restructure the debt and save his interests in the luxury high-rise.
Hal Barry, CEO of Barry Real Estate Cos., said he is working with his [...]
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Foreclosure proceedings against Staten Island Hotel
The Staten Island Hotel in Graniteville is the latest victim of an inhospitable economy.
Foreclosure proceedings against the new hotel owners have begun, with various mortgage holders seeking payment on $10.7 million in outstanding loans and interest.
It’s also another troubling default for Leib Puretz, the Brooklyn-based builder who invested heavily in a variety of Staten Island [...]
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Extended Stay America could exit bankruptcy
NEW YORK (Reuters) – U.S. mid-priced hotel chain Extended Stay America Inc could exit bankruptcy protection as soon as June, according to new reorganization plans filed on Friday.
The company, which runs over 650 hotels, said in court documents that it is seeking confirmation of its proposed bankruptcy reorganization in June, and could emerge from court [...]
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South Carolina Hotel 179 rooms at $6,500 per key
74,521 total building square footage, 7.5 acres/326,700, 179 room hotel (111 double/double, 59 king and 9 suites, adjacent to I-95/I-20 junction, sold for $4.4 million in 2007, replacement cost $8 million, Bank-owned, Outdoor pool, Gym fitness center, Business center, Meeting facilities, Restaurant, Guest laundry, near NASCAR’ s Darlington Raceway. Click here for map…
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Georgia Hotel 95 Rooms on Interstate $14,000 per key
Can buy at 14,000 per key, owner financing, recently remodeled and rebranded, 95 rooms, Appraised at 5.2MM, replacement is 8MM. Click here for map…
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Georgia Hotel 103 rooms at $77,000 per key
For Sale: 77K per room, occupancy 55%, can be reflagged as Fairfield or Spring Hill Suites, located on Cobb Parkway right next to Interstate 285 and across the street from both Cumberland Mall and Cobb Galleria Center. Has 103 rooms, is full service, heated indoor pool with spa and exercise room. A meeting room with [...]
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New York: Four Seasons Hotel said to be hitting the block
Even multi-billionaires like Ty Warner are not immune to the latest economic conditions. Mr. Warner, who made his fortune manufacturing Beanie Babies, owns the Four Seasons Hotel New York—but maybe not for much longer.
He is in negotiations to sell the posh property to a group of investors, according to several news reports.
The 368-room hotel, where [...]
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Denver: What is going on at DIA?
There is a large commotion at the Denver International Airport (DIA) and we are trying to figure out what exactly is going on.
The following hotels are for sale, all basically on the same street!
Holiday Inn
Holiday Inn Express
Days Inn
Ramada Inn
Denver International Hotel
Comfort Suites
Micro Tel Inn
Seems to be a fast migration away from this airport as [...]
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Las Vegas: Green Valley Ranch manager files for bankruptcy
Station Casinos Inc. subsidiary that invested in and managesGreen Valley Ranch resort in Henderson filed for bankruptcy protection on Wednesday.
The Green Valley Ranch hotel-casino itself did not file for bankruptcy.
The filing was made by GV Ranch Station Inc. and listed assets of $100 million to $500 million against liabilities of $10 million to $50 million.
Station [...]
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Las Vegas: Shutting down the Ritz
Company to close hotel at Lake Las Vegas
The Ritz-Carlton Lake Las Vegas, a five-diamond hotel at the troubled resort community in Henderson, told its 340 employees Monday that it will close on May 2.
Transcontinental Corp. opened the 349-room hotel in 2003, but Deutsche Bank took over ownership of the property last year through an affiliated [...]
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St. Louis: Clayton hotel project files for bankruptcy
From St. Louis Post-Dispatch…
The future of the proposed Westin Hotel in Clayton grew cloudy Tuesday when the developer filed for bankruptcy protection.
RJ York SSG LLC filed the Chapter 11 bankruptcy reorganization just before a scheduled foreclosure by Premier Bank, which lent the developer $8.1 million in 2007 to buy the site for the proposed hotel [...]
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Sunstone updates RevPAR, plans to deed back 13 hotels
SAN CLEMENTE, California—Sunstone Hotel Investors, Incorporated (NYSE: SHO) said it expects big declines in revenue per available room for the fourth quarter and year, and that it will deed back 13 of its hotel to lenders.
The company said RevPAR for the quarter is expected to be US$97.9 million, down 14.1 percent, and that full-year [...]
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The Mansion goes into Foreclosure – Buckhead’s most prestigious hotel
The Mansion on Peachtree – one of Atlanta’s latest luxury hotels in affluent Buckhead – is facing imminent foreclosure, according to an article on the Saporta Report, an Atlanta news site.
The Mansion on Peachtree, in Atlanta’s fashionable Buckhead neighborhood, is reportedly facing imminent foreclosure, according to the hotel’s owners. The mansion includes a 127-room, five-star [...]
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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 [...]
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Distressed Sheraton Orlando sold, changes brands 1-16-2010
ORLANDO-Making its first deal, Resolution Services LLC has paired with Glenmont Capital Management to acquire the lender-owned Sheraton Orlando Downtown hotel. The new owners will invest an additional $4 million into the 1980s, 341-unit hotel; and a flag change is in the asset’s near future.
Jay Litt, partner with Resolution Services tells GlobeSt.com that the play [...]
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Hotel Auction: The Eola sold to a high bidder for $4.8 million in private auction Tuesday morning
Built in 1927, renovated in 1998, and listed on the National Register of Historic Places, the Natchez Eola Hotel offers its guests the ambiance and charm of the Old South with the convenience of modern amenities.
The Natchez Eola Hotel is graced with elegant interiors, arched doorways, crystal chandeliers, marble trim, stately columns, Mississippi River view [...]
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Atlanta’s first Cambria Suites lands at airport
BREAKING NEWS: Cambria in serious distress. All work has stopped, word is that moldy walls and leaky roof the culprit, other news, lenders backed out and took over deal….
Here is old PR kit: Atlanta soon will get its first look at Cambria Suites, a brand of Choice Hotels International Inc. Construction will begin this summer [...]
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Lowest we have ever seen: South Carolina $6,000 per room