Property Types Hospitality
Colony Capital, Eurazeo Seek to Hold 30 Percent of  Accor
May 5, 2008

Europe hotel giant Accor SA may soon have Colony Capital L.L.C. and Parisian private equity firm Eurazeo holding 30 percent of shares, according to Bloomberg News. The report states that Eurazeo wants 10 percent within the year; Colony Capital, already a holder of Accor shares, seeks to lift its participation to 20 percent of the company. Both have states they are happy to remain minority owners. Accor runs Pullman and Ibis hotels, and recently sold off the Red Roof Inn chain.

 
Recent Hospitality Headlines
Catskills Hotel Project Gets $525M in Redevelopment Funding
Aug. 29, 2008
Redevelopment of the site that was once home to the Borscht Belt’s legendary Concord Hotel, in Kiamesha Lake, N.Y., has taken two major steps forward.
Raleigh Marriott City Center Opens
Aug. 27, 2008
Privately held Noble Investment Group has announced the grand opening of the 400-room Raleigh Marriott City Center located at 500 Fayetteville St. and attached to the new 500,000-square-foot Raleigh Convention Center.
Holiday Inn Signs 203 Hotels in First Half of 2008
Aug. 26, 2008
Holiday Inn and Holiday Inn Express signed 203 hotels in the first half of 2008. Most of the hotels will be new-build properties, reflecting the brand's relaunch that started last year. Outside of the U.S., Holiday Inn is opening one hotel a day and signing two, while Holiday Inn Express averages two openings per week.
Wyndham to Open 20 Ramada Encore Hotels in South Korea
Aug. 26, 2008
Parsippany, N.J.-based Wyndham Hotel Group has made a move to increase the visibility of its Ramada properties in South Korea with the signing of an exclusive agreement with Seoul-headquartered AT Hotels Management to open 20 Ramada Encore destinations over the next six years. AT Hotels will develop and manage the properties, which will offer 80 to 200 guestrooms.
Hospitality Q&A:  PKF Capital's Eaton Says Industry Must Reinvent Wheel
Aug. 26, 2008
With a nearly 80 percent drop in hotel transaction volume compared to last year, many industry observers wonder when hotel sales volume will begin to rebound. Bob Eaton, addressing a conference sponsored by Hospitality Advisors in Honolulu recently, called on the hotel finance industry to “reinvent the wheel.” The executive managing director of PKF Capital, Inc., which provides real estate investment advisory services to the hospitality and leisure industries, recently talked about the environment for hotel financing, and what it will take to break the logjam.
 

 

Equity Residential Gets $550M Loan
August 28, 2008
By Barbra Murray, Contributing Editor -- Chicago-based Equity Residential Inc. has closed on $550 million in financing, putting up 15 of its multi-family properties as collateral. Originated by Wells Fargo for repurchase by Fannie Mae, the secured interest only loan...

Lehman May Accelerate Mortgage Asset Sales
August 28, 2008
By Dees Stribling, Contributing Correspondent -- Lehman Brothers Holdings Inc., in an effort to both staunch its massive losses and tap into a burgeoning market for commercial real estate debt, is reportedly exploring a strategy that would have it set...

Fire Brought Down 7 WTC: Report
August 28, 2008
By Tom Dworetzky, News Editor -- At a technical briefing this week, Shyam Sundar, lead investigator for the federal building and fire investigation of the World Trade Center disaster conducted by the National Institute of Standards and Technology, revealed in...

Maguire Wraps Up $211M Orange County Office Sale
August 28, 2008
By Barbra Murray, Contributing Editor -- Los Angeles-based Maguire Properties Inc. has closed the disposition of Main Plaza, selling the 607,000-square-foot trophy office complex in Irvine, Calif., to Shorenstein Properties L.L.C for $211 million including the assumption of $161 million...

Fund Invests $44M in Texas, Ohio Student Housing
August 27, 2008
By Gail Kalinoski, Contributing Editor -- The Place/BV Student Housing Fund L.L.C. continues to make investments in student housing facilities across the United States, with two more announced today. The properties will be developed in Texas and Ohio for $44...

Do You Have A Bad Attitude?
August 22, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Show me a CEO with a bad attitude and I'll show you a poor leader. While this sounds simple enough at face value, I have consistently found that one of the most often...

Is Family Business a Good Idea?
August 15, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Oh what a conundrum! Family business: Should I, or shouldn't I? In my opinion there really isn't a right or wrong answer to this question. It is simply a matter of personal preference....

What to Do When Marketing Goes Wild
August 08, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Have your company's marketing initiatives wandered astray? Is the proverbial tail starting to wag the dog with respect to your current marketing campaigns? How do you know when marketing is out of control?...

Six Mistakes Real Leaders Avoid
August 01, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --I recently had a reader ask: "Is there a simple test that can be used to quickly determine an executive's leadership ability?" The short answer is yes. There are, in fact, a great...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...