Investment
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CBRE acquires San Jose Marriott for $83 million   21 May, 2013

The Mercury News reports that CBRE Global Investors has paid $83 million for the 506-room San Jose Marriott Hotel. The 28-story hotel is located on South Market Street and West San Carlos streets next to the city's convention center, now undergoing a major expansion and renovation. The property was...More>>

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Helmsley Estate set to sell New York's Park Lane Hotel    21 May, 2013

The estate of the late Leona Helmsley has tapped CBRE to market the Helmsley Park Lane Hotel toward developers of high-end condominiums, reports say. The Wall Street Journal reports that the 370,000-square-foot property has already received at least two separate offers of more than $600 million,...More>>

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Larry Silverstein lures Four Seasons to Lower Manhattan   21 May, 2013

Big-shot developer Larry Silverstein looks like he has convinced Four Seasons Hotels and Resorts to set up shop in Lower Manhattan. This according to the Jewish Business News, which reports that Silverstein Properties is proceeding with its project to build a 926-foot skyscraper at 30 Park Place in...More>>

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First DoubleTree by Hilton-branded hotel opens in Bangkok   21 May, 2013

Hilton Worldwide opened the DoubleTree by Hilton Sukhumvit Bangkok in Thailand. This is Hilton Worldwide’s 100th property in Asia Pacific and the first DoubleTree by Hilton branded property in Bangkok. DoubleTree by Hilton Sukhumvit Bangkok is a 23-story hotel that has 177 guestrooms.More>>

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IHG opens Holiday Inn & Suites Makati   21 May, 2013

The hotel is the fifth IHG hotel in the country and the third Holiday Inn hotel. The 348-room hotel is in the Makati Central Business District, with direct access to local shopping and recreational areas.More>>

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First Park Inn hotel eyed in Turkey in 2014   21 May, 2013

The Rezidor Hotel Group has announced the very first Park Inn hotel in Turkey: The Park Inn Istanbul Ataturk Airport. The property will have 144 keys.More>>

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Bibi Interior Architecture completes Whitehall Hotel   21 May, 2013

The refit included installing a bespoke new bar, replacing the ceiling and floor and fitting custom manufactured doors throughout. The designers also had the doors made to its own specification and similarly designed the bar, which had a Corian worktop and textured side panels.More>>

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BBA Design Consultants facilitates Magnolia Hotel & Spa refurbishment   21 May, 2013

In addition to a new color palate and furnishings, the guestroom walls will be adorned with a collection of photography by BC artists, Linzy Arnott, Gary Woodburn and Rob Destrube. Next up for the Magnolia Hotel & Spa, Tom Ferris of Ferris' Oyster Bar & Grill will open a new restaurant concept...More>>

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Lato Boutique Hotel in Crete, Greece completes renovation   21 May, 2013

Lato Boutique Hotel's rooms have been fully redesigned, now offering new vinyl floors, tailor made lacquered furniture and new bathrooms. The hotel also fully renovated its two restaurants, Brillant and Herbs' Garden. More>>

2013 Atlantis the Palm Newswire
Dubai's Atlantis the Palm seeks $850-million loan   20 May, 2013

The resort, which spent $20 million in 2008 at the hotel's launch party, hired Abu Dhabi Commercial Bank, Barclays, Commercial Bank of Dubai, HSBC Holdings, National Bank of Abu Dhabi and Union National Bank to arrange the facility.More>>




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