Entries tagged "hotels"
Hotel management company Concord Hospitality Enterprises is starting a $300 million PE fund to invest in distressed hotel properties.
Icahn Enterprises LP said Thursday that it had closed on the $1.2 billion sale of four Nevada casinos -- including the Stratosphere Casino Hotel & Tower on the Las Vegas strip -- to Goldman, Sach & Co.'s Whitehall Street Real Estate Fund. ...
In the go-go days of the 1980s, cash-flush Japanese investors were buying Big Apple properties like there was no tomorrow. But by the early '90s, a recession caused many of these Japanese investors to sell off their New York City holdings. Bucking the trend, Hiro North American Properties was one of the few Japanese real estate investors that held on to to its commercial portfolio and now thinks it might be a good time to unload one of its holdings — a 27-story tower at 650 Madison Ave....
News from retailers today was as busy as a suburban mall on a rainy Saturday afternoon as a Canadian company accepts an American financier’s buyout, the No. 1 U.S. department store forecasts a bleak year for earnings and a California-based teen outfitter grabs a rival, rescuing the company from bankruptcy. U.S. entrepreneur Jerry Zucker agreed today to pay $1.3 billion for Canadian department store group Hudson’s Bay Co. through his Maple Leaf Investments. The offer of C$15.25 ($13.25) per share is up 3.3% over its original bid, which was set to expire Jan. 31, of C$14.75 per share....
