Tag Archives: real estate

Curator Hotel & Resort Collection and Optii Solutions Announce Partnership to Provide Unique Hotel Operations Technology to Independent Hotels

BETHESDA, Maryland & AUSTIN, Texas–(BUSINESS WIRE)–Announced today, Curator Hotel & Resort Collection (“Curator”) has selected Optii Solutions (“Optii”), a leading hotel management software for hotel operations and housekeeping teams, to to offer its member hotels the technology allowing them to have complete visibility of their operations. Curator member hotels can now leverage Optii’s data-driven technology to streamline their housekeeping operations ...

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Crosswind Landing, a multi-million dollar project, lands in Combes, Texas

– Advertising – Texas Border Affairs By Roberto Hugo González The Cité des Combes dates from 1911 and is known as the “City of Queens”. Incredibly, Combes is poised for transformation thanks to visionary developers and investors. People who have the knowledge, energy and drive to create the perfect lifestyle and quality of life that every city dreams of. Crosswind ...

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Sunstone Hotel: Overview of Fourth Quarter Results

IRVINE, Calif. (AP) _ Sunstone Hotel Investors Inc. (SHO) announced a key measure of profitability for its fourth quarter on Tuesday. The results missed Wall Street expectations. The Irvine, Calif.-based real estate investment trust said it had operating funds of $17.5 million, or 8 cents per share, during the period. The average estimate of seven analysts polled by Zacks Investment ...

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Locke Lord becomes partner of Deputy General Manager of Highgate Hotels

By Joyce Hanson (February 18, 2022, 7:00 PM EST) – Locke Lord LLP has hired assistant general counsel for hotel management company Highgate Hotels for the law firm’s Dallas office, saying the new partner will serve in real estate and real estate finance practice group and hospitality section. Justin Mapes brings a strong general real estate skill set and will ...

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[+] Offshore investors tipped to bet big on Australian tourism

Forget to throw another hot shrimp on the barbie. With Australia’s international tourism gateway rapidly opening after nearly two years, CBRE wayne Bunz busy planning a real estate investment party. The veteran trader hints that the big bucks from abroad will be back on the table and will be betting big on Australia as a destination. “Absolutely, that’s why I’m ...

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Ready Capital Generates Over $800M in Low-Balance Multi-Family Loans in 2021

NEW YORK, February 17, 2022 /PRNewswire/ — Ready Capital Corporation (NYSE:RC) (“Ready Capital”) announced today that it was recently named one of the top five contributors to the Optigo Small Balance Loan Program by Freddie Mac, from over $525 million in 2021. This recognition crowns a year in which Ready Capital saw the light of day in total $800 million ...

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The Homekey Project works to shelter the rural homeless

CRESCENT CITY, Calif. — On a rainy winter morning, Jamie Hayden stopped to visit Diane Timothio. A case manager in Del Norte County on California’s remote north coast, Hayden often comes in, sometimes staying for hours, to work with Timothio. Work can mean different things: going to doctor’s appointments, feeling comfortable eating out, or listening to Timothio tell stories from ...

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Small Business Loans: Loan Eligibility

Millions of Americans work for themselves in small businesses, but how do they get a small business loan? The process of getting the loan can be complex, but it can be worth it. If you take your time to carefully run the application, it will be easier. Creation of a financial plan What are small business loans? Small business loans ...

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Boyle residents eligible for SBA disaster loans following tornadoes – The Advocate-Messenger

The United States Small Business Administration (SBA) announced that residents of Boyle County can apply for economic disaster loans for tornado damage on December 11, 2021. Businesses and residents affected by severe storms, straight-line winds, flooding, and tornadoes beginning December 10, 2021 are eligible for SBA Physical and/or Economic Disaster Loans (EIDLs). The deadline for physical disaster loans has been ...

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Do I have to pay taxes on canceled student loans?

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. The Credible Money Coach shares good news about student loan forgiveness and ...

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California Lodging Investment Conference [CLIC] announces final speakers and additional sponsors and exhibitors for 2022 event

California Lodging Investment Conference Officials [CLIC], the only hospitality conference focused on the California hospitality market, today released its final list of speakers and updated its sponsor and exhibitor lists. Scheduled for March 10 at the JW Marriott Anaheim Resort, the one-day event is expected to draw approximately 300 attendees, including representatives from 11 brands, six lenders and other third-party ...

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$103M C-PACE Loan for San Francisco Chinese Hospital – Hospitality Law Blog – February 11, 2022

February 11, 2022Find out how JMBM’s Global Hospitality Group® can help you.Click here for the latest articles on C-PACE funding. Hospitality Lawyer: Another Commercial PACE (C-PACE) Financing Closed David Sudeck and his team at Jeffer Mangels Butler & Mitchell LLP’s Global Hospitality Group® helped structure a $103 million loan for the Chinese Hospital of San Francisco, a nonprofit community hospital. ...

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Skill Up Step Up: Dragon’s Den star says youth unemployment in London is ‘shocking’ as he backs campaign

Dragon’s Den star Steven Bartlett has backed our campaign to upskill unemployed youth and put them to work, calling our appeal “important” for young people who have had a tough few years weathering the pandemic while still finishing their studies. His support comes as London employers responded enthusiastically to our £1million Skill Up Step Up initiative in partnership with Barclays ...

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9 Leading Hoteliers Share Their Expectations and Predictions for 2022 • Hotel Designs

The start of the year is always awash with predictions and expectations about trends, and as we step out, a little cloudy-eyed from the enforced hibernation of a global pandemic, with the stick of optimism firmly in Hand, we spoke to nine hoteliers from very different corners of the globe, and asked them to share some of their thoughts on ...

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Service Properties Trust (NASDAQ:SVC) Announces $0.01 Dividend

Approving service properties (NASDAQ:SVC) announced a dividend on Friday, Jan. 14, investing.com reports. Shareholders of record on Monday, January 24 will receive a dividend of 0.01 per share from the real estate investment trust on Thursday, February 17. This represents a dividend yield of 0.43%. The ex-date of this dividend is Friday, January 21. Shares of Service Properties Trust opened ...

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Pacific Grove City Council Upholds ATC Hotel Project Appeal – Monterey Herald

PACIFIC GROVE – Pacific Grove City Council voted 6-1 to uphold the appeal for the American Tin Cannery hotel and retail project and overturn the Planning Commission’s denial by certifying the Environmental Impact Statement, approving the project with revisions and passing a resolution of intent to release the Sloat Avenue right-of-way. “We greatly appreciate the opportunity to present the ATC ...

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Developer in California, Matt Day Plan mixed-use project of Hooker Creek on the former KorPine plant site

The 21-acre site could see homes, apartments, senior housing, office / retail space and a ’boutique hotel’ BEVERLY HILLS, Calif. (KTVZ) – A Southern California real estate investment company announced Thursday that it has partnered with Hooker Creek owner Matt Day on a project to create a mixed-use development on the 21-acre site that once housed KorPine chipboard. between downtown ...

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Displaced by the Marshall fire, thousands scramble to find homes in Denver’s tight subway real estate market

Michael and Deanne Pickel live in a Residence Inn in Broomfield. Deborah Mordecai sleeps on her daughter’s sofa. Her 24-year-old son lives with a friend. The cousins ​​welcomed Gladys Forshee to their home in Loveland. And Patrick Kilbride has a niece to thank for letting him stay in his Ken Caryl home. All were moved Thursday when the Marshall fire ...

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A ghost hotel haunts the Spanish coast

A license, then a legal battle The hotel’s history is convoluted, but understanding the timeline can help explain just how badly a tourism project can go when political, financial, and environmental interests are not aligned. Cabo de Gata was declared a natural park in 1987. Covering nearly 150 square miles of volcanic land, the park includes open plains, shrub hills, ...

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Johns Island Hosts California Luxury Hotel Company> Charleston Business Journal

Charleston remains a popular destination, and the city’s growing luxury hotel scene reflects this trend. Based in california Auberge Resorts Collection plans to launch its first planned luxury hotel in South Carolina in 2024 in the form of The Dunlin, located in the planned community of Kiawah River on Johns Island. In partnership with a real estate developer The beach ...

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Bringing new luxury to Vietnam, Swiss-Belhotel International presents Swiss-Belresidences Upper East Saigon

Hanoi, Vietnam, December 21, 2021 / PRNewswire / – Swiss-Belhotel International, one of the world’s fastest growing hotel management groups, unveils Swiss-Belresidences Upper East Saigon, the group’s first luxury residences in Vietnam. Swiss-Belresidences Upper East Saigon Offering spectacular 360-degree views of the Saigon River, Swiss-Belresidences Upper East Saigon combines exceptional comfort that goes through state-of-the-art technology and exclusive lifestyle facilities ...

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Former Queen Mary operators to pay daily fine for suspected PPP loan fraud

A federal bankruptcy judge has fined former operators of the Queen Mary $ 250 per day who are accused of stealing $ 2.4 million from a COVID-19 relief loan intended to pay their employees during the pandemic. The judge’s order arrives Tuesday amid bankruptcy proceedings over how a real estate company maintained the aging ship under a lease agreement with ...

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Toronto’s K2 Group Builds Diverse Real Estate Portfolio | RENX

Lundy’s Lane Travelodge by Wyndham in Niagara Falls is the most recent acquisition of the K2 group of Toronto. (Courtesy of K2 Group) Group K2the recent acquisition of Travelodge by Wyndham Niagara Falls Lundy’s Lane hotel is the latest example of the Toronto-based company’s quiet growth. The privately held company is interested in acquiring, developing and strategically repositioning hotel, oil ...

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5 things to know for December 14

Editor’s Note: Some related articles may be behind subscription payment walls. MGM Resorts International announced that it has reached an agreement sell the activities of The Mirage Hotel & Casino to Hard Rock International for $ 1.075 billion in cash, reports HNN’s Terence Baker. The resort’s casino real estate is owned by MGM Resorts’ spin-off real estate investment trust, MGM ...

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Harvey Hanna acquires Rehoboth Motel for $ 13 million

The Sandcastle Motel, a 60-room hotel a few blocks from the promenade, is the latest acquisition from Harvey, Hanna & Associates. | PHOTO COURTESY OF GOOGLE MAPS REHOBOTH BEACH – Harvey, Hanna & Associates recently purchased the Sandcastle Motel in downtown Rehoboth Beach, marking the town’s biggest sale this year. According to Sussex County land records, the pillar of the ...

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Hospitality Ireland presents an overview of hotel news on the island of Ireland

Hospitality Ireland presents an overview of hotel news on the island of Ireland. Planning officials recommend rejecting offer for hotel in Ballymena As reported by Irish news, planning officials recommended rejecting an offer for a 65-room roadside hotel next to Applegreen services in Ballymena. Chic Ltd, based in Kilrea, is said to be behind the £ 5.8million bid for the ...

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Newbond Holdings acquires Waterstone Resort & Marina Boca Raton | Business

NEW YORK – (BUSINESS WIRE) – Dec.6 2021– Newbond Holdings, a vertically integrated real estate investment and operating platform founded by Neil Luthra and Vann Avedisian, has announced the acquisition of Waterstone Resort & Marina Boca Raton. The transaction marks Newbond’s second hotel investment in Florida after the company officially launched earlier in the year. This press release features multimedia. ...

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The Loop Kimpton Monaco Chicago hotel sold for $ 36 million

Xenia boasted in a statement that a successful sale would mean the company “will have successfully exited the Chicago market, which has been strained over the past decade due to several factors, such as inflation. disproportionate spending and new growth in the hotel offering, and is expected to have a longer cash flow recovery path compared to most other markets ...

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Hotel Innovator, Life House, Raises $ 60 Million in Funding from Inovia Capital, KAYAK and Tiger Global to Start Selling Its Software Platform to Hoteliers

After growing over 600% since the start of the pandemic, the company begins to sell its software that successfully powers its managed hotels NEW YORK, December 2, 2021 / PRNewswire / – Life House, the all-in-one hotel operating platform and one of the fastest growing hotel companies in the United States, today announced the increase $ 60 million in a ...

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Temple Downtown Development aims to bring economic prosperity to the city’s Eastside

TEMPLE, TX – The people of Temple these days are looking for a project from their past that could point the way to the city’s future. You may be familiar with the $ 18 million plan to renovate one of the city’s first downtown skyscrapers, but what you might not know is how it fits into the survival of the ...

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Mathias Bergundthal, Director of Assets – Premier Hotels of Cebu Landmasters

Cebu Landmasters (CLI), the leading developer in the Visayas and Mindanao regions of the Philippines, has an impressive track record in several developments, with residential as the core business. Over the past few years, CLI has firmly believed in the hospitality industry, so much so that it has established its own hospitality arm, developing an impressive portfolio of global hotel ...

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The Grand Hotel in Armidale is on the market | L’Express Armidale

newsletters, selection list of editors, An iconic Armidale pub recently went on sale as an investment hotel package – with current tenant Brett Nielson. Mr Nielson bought the 15-year lease to operate the Grand Hotel in February 2021, but now fears that any new potential owner will simply seek to pay him to leave, remove the poker machine licenses, then ...

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Four management companies increase their portfolios

Hospitality Ventures Management Group (HVMG) added a DoubleTree by Hilton hotel in the Atlanta suburb of Alpharetta to its portfolio and the recent Benchmark Pyramid merger added 36 properties in the United States and Europe. Read all about it and more below. HVMG Supports DoubleTree Management in Atlanta AreaHospitality Ventures Management Group (HVMG), a private Atlanta-based hotel management and investment ...

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Oakland council to choose between two candidate groups to redevelop Colosseum site – The Vacaville Reporter

OAKLAND – As negotiations over the Oakland A waterfront baseball stadium continue to garner attention, city council is set to move forward on Tuesday with plans to redevelop the vast site of the Colosseum which has housed the team for decades. The council could strike an exclusive bargaining deal with one of two groups vying for the chance to redevelop ...

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Vista Capital completes $ 50,000,000 financing for six hotels in Ohio and Indiana

MALIBU, California, November 10, 2021 / PRNewswire / – Vista Capital Company announced that it recently organized $ 50,000,000 funding for the following six hotels: Courtyard by Marriott – Columbus, Ohio Hampton Inn – Lafayette, Indiana Homewood Suites – Lafayette, Indiana SpringHill Suites – Terre Haute, Indiana Holiday Inn – Terre Haute, Indiana Homewood Suites – Munster, Indiana Courtyard Marriott ...

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Dynamic City Capital acquires dual-brand hotels in Florida

“We are delighted to add these quality Marriott properties to our portfolio. Brands, market and location suit our portfolio perfectly, ”commented Cory turner, co-manager of CDC. “Our team continues to work hard to identify best-in-class hotels in key markets across the country. As a result, we were pleased to find and acquire this remarkable property,” concluded Turner. The seven-story, dual-brand ...

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FIX and REPLACE Swire Properties Inc. sells EAST, Miami to Trinity and Certares

MIAMI – (COMMERCIAL THREAD) – Please replace the version published on October 27, 2021 at 3:37 p.m. ET, with the following corrected version due to several revisions. The updated version reads as follows: SWIRE PROPERTIES INC. SELLS EAST, MIAMI TO TRINITY AND CERTARES Swire Properties Inc., a leading international developer in South Florida, today announced that it has completed the ...

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Emirates News Agency – RAK Properties Net Profits Rise 383% to AED 197.9 Million in Q3 2021

Ras Al Khaimah, October 30, 2021 (WAM) – RAK Properties today announced that its third quarter net profit jumped 383% to AED 197.9 million from AED 40.97 million in the last quarter. corresponding period of last year. “Profits increased in the third quarter of this year to AED 197.9 million from AED 40.97 million in the third quarter of 2020, ...

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Sports News Roundup: Cleveland team sued by roller derby team over Guardians name change; Panthers overtake Bruins to stay undefeated & more

Here is a summary of current sports news. Qatar signs agreement with Accor to manage accommodation for World Cup supporters Qatar has entrusted Europe’s largest hotel group Accor with the management of apartments and villas that will house fans visiting Qatar during next year’s World Cup, the organizing committee of the cup. Qatar’s Supreme Committee for Delivery and Inheritance said ...

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Zelig Weiss makes offer to buy William Vale Hotel in Williamsburg

Zelig Weiss makes offer for William Vale hotel after All Year’s (William Vale) disappearance Just when you think things can’t get crazier at Brooklyn’s fanciest hotel, they do. Brooklyn developer Zelig Weiss has made a cash offer to buy the William Vale Hotel as he fights a lawsuit alleging he embezzled money from it. Weiss submitted proposals on Oct. 22 ...

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Certares, Highlands and Monomoy acquire Embassy Suites Atlanta Midtown

Posted: October 25, 2021, 11:23 a.m. EDT|Update: 21 minutes ago NEW YORK, 25 October 2021 / PRNewswire / – Certares Management LLC, a leading investment specialist dedicated to the travel, tourism and hospitality industries (with its subsidiaries, “Certares”), in partnership with Highlands Investments LLC (“Highlands “) and Monomoy Property Ventures LLC (” MPV “), today announced the acquisition of the ...

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ICC T20 World Cup: fans do everything they can for the release of the T20 Dubai

An India-Pakistan cricket pitch showdown has got the country hooked at the best of times. Now, with the opportunity coming after a long time where the ability to watch cricket live in a social setting had all but disappeared, the excitement has reached another level. Cricket fans have therefore dropped everything to fly to Dubai or congregate in cafes and ...

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Shopoff Realty Investments and Contour Secure Entitlement Approvals for Dream Las Vegas on the Las Vegas Strip

Posted: October 21, 2021 at 9:35 a.m. EDT|Update: 2 hours ago LAS VEGAS, October 21, 2021 / PRNewswire / – Joint venture partners Shopoff Realty Investments (Shopoff) and Contour announced today that they have successfully secured the rights necessary for the full development of Dream Las Vegas, paving the way for the next step the completion of a new full-service ...

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Highgate increases its investments in sustainability

Highgate, a global property investment and hotel management firm, is moving to 100% renewable electricity, starting with the majority of its select-service properties, as well as seventeen full-service hotels. The initiative will be certified by Green-e Energy, an independent certification and verification program for renewable energy. “We are determined to be part of the solution to tackling climate change,” said ...

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Maya Capital and AnaCap acquire office and hotel program in £ 125million deal

Maya Capital LLP and AnaCap Financial Partners have completed the acquisition of 160 Blackfriars Road in Southbank, London. The property consists of a 106,000 square foot office building and a ground floor commercial building currently 50% leased, as well as adjacent land for a licensed hotel project. Maya and AnaCap plan to undertake a major renovation of the existing office ...

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LWHT Property Management buys hotel portfolio for $ 27 million

Seven hotel properties at 3601, 3621, 3623, 3711, 3801, 3811 and 3821 North Ocean Boulevard on North Ocean Boulevard are purchased for $ 27 million. (Lee and associates, Google Maps) A Coral Springs-based family-owned real estate investment company is causing a stir in Fort Lauderdale Beach. Affiliates of LWHT Property Management, headed by Tom Assouline, paid a total of $ ...

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UBM Development: and Accor open “Mercure Katowice Centrum”, receiving the PLGBC Green Building Award for sustainable real estate development

Focus on sustainability under the motto “Green & Clean” as the leitmotif of the Mercure Katowice Centrum hotel PLGBC Sustainable Building Award 2021 “Green & Clean: in tune with the times” Katowice, 14.10.2021. The celebrated grand opening of the Mercure Katowice Centrum marked the end of the work after a period of only two years. The hotel operating under the ...

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NH employers continue to be plagued by housing shortage

In the spring, Simbex was looking to expand. The Lebanon-based medical device maker hoped to increase its workforce from 32 to 46. The hiring market has been brutal; restaurants, main street stores, and businesses struggled to attract new employees and coax old ones. But Simbex had no trouble attracting employees. The real difficulty was finding accommodation for them. “We would ...

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first hotels in Lake Placid | News, Sports, Jobs

Brewster’s Lake Placid House, the hotel that started it all. Built in 1871, it was the first structure erected specifically as a hotel. This photo was taken by Seneca Ray Stoddard in 1873, just a few years after the hotel opened. (Photo provided) Joe Nash’s Excelsior House has been renamed the Stevens House, seen here in an engraving from the ...

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Durst faces judgment day in murder of his best friend | California News

By BRIAN MELLEY, Associated Press LOS ANGELES (AP) – Robert Durst’s hotly contested murder trial spanned nearly two years. His sentence will be relatively short and may lack the fireworks that have erupted between the lead prosecutor and the defense attorney. The eccentric New York real estate heir faces a life sentence without parole Thursday for the first degree murder ...

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78% less local vote metrics in California November 2 polls than average since 2009 – Ballotpedia News

On November 2, voters in 15 different cities, school districts and special districts in 10 different California counties will decide on 16 local voting measures. The average number of local vote metrics in California on the November ballot in odd-numbered years since 2009 was 74. In 2019, there were 45 and in 2017, there were 62. One measure concerns election ...

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Real estate investment gives rise to 2,500 FSCS complaints

An offshore real estate program that still advertises investment opportunities has triggered 2,430 claims with the Financial Services Compensation Scheme, FTAdviser can reveal. The FSCS said the claims, related to Cape Verdean real estate program The Resort Group, involve 51 financial advisers. The claims, the majority of which concerned transfers from Sipp or pension, relate to bankrupt companies including Active ...

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Former Pro-invest Executives Launch Asia Pacific Private Equity Firm

Three former directors of the Pro-invest Group, Phil Kasselis, Luke Sullivan and Ed Faraguna, have teamed up to launch Hospitality Private Equity Partners (H-PEP), a new company targeting acquisition opportunities in the region. The trio were most recently in lead roles at Pro-invest Group – Kasselis was co-founder and CEO of Pro-invest Hotels, Sullivan the CEO of Pro-invest Hospitality Asset ...

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Hospitality Ventures Management Group (HVMG) supports the management of 174 DoubleTree by Hilton Hotel Atlanta – Roswell rooms

ATLANTA – (COMMERCIAL THREAD) – Hospitality Ventures Management Group (HVMG), an Atlanta-based private hotel management and investment firm, today announced it has taken over management of the 174-room DoubleTree by Hilton Hotel Atlanta – Roswell . This is HVMG’s fifth hotel in Atlanta announced in the past 60 days, bringing the Atlanta-based company’s portfolio to 12 out of 52 hotels ...

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Praise and Concern for the City’s Purchase of the Northbridge Hotel and Adjacent Property

The city has yet to announce an operator for the Northbridge Hotel, which currently houses tenants in around 60 to 65 units. These residents are expected to be housed in the new BC Housing project, but can stay at the hotel for now. Reactions vary following the city’s purchase of the Northbridge Hotel and adjacent property for $ 7.15 million, ...

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Scotland’s very first ski hotel destroyed

Scotland’s first ski hotel, vacant for over 15 years and a horror to the eyes, is about to be demolished. The Struan House Hotel in Carrbridge will make way for 10 affordable apartments and parking if the plans filed this week are approved. The community has long been concerned about the hotel’s unsafe condition, with young people using it as ...

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Historic Sunshine Theater has survived changing trends and hungry developers

Anyone born in the past five decades probably doesn’t realize how much new pleasure it was to go to the movies. These days, movies travel in our pockets, just a touch screen away. But by the 1920s people were passionate about movies, and Albuquerque resident Joseph Barnett took advantage of America’s last hobby by building the city’s first grand cinema ...

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Bring On Q4 – September 2021 – Limited Recourse Funding Series, Part 3: Safety Package and Considerations | Cadwalader, Wickersham & Taft LLP

In this part 3 of the Limited Recourse Funding Series, we discuss some common questions and considerations regarding the security package in a typical limited recourse structure. For a typical SPV structure (see diagram below): The customary English law guarantee package would include all asset guarantees to be given by all debtors. The Debtors would include the Borrower SPV and, ...

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4th year since Las Vegas massacre sparks emotions and ceremonies | California News

By KEN RITTER, Associated Press LAS VEGAS (AP) – Jill Winter recalls the barrage of rapid-fire gunfire raining down on a country music concert crowd on the Las Vegas Strip in what has become the deadliest mass shooting in the world modern history of the United States four years ago. Like many around her, she initially thought it was fireworks. ...

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Pebblebrook Hotel Trust (NYSE: PEB) CEO sells 20,000 shares

Pebblebrook Hotel Trust (NYSE: PEB) CEO Jon E. Bortz sold 20,000 shares of the company in a transaction dated Wednesday, September 29. The stock was sold for an average price of $ 24.75, for a total value of $ 495,000.00. The transaction was disclosed in a file with the Securities & Exchange Commission, accessible through this link. PEB shares traded ...

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Benchmark Global Hospitality and Pyramid Hotel Group announce merger

The combined organization is positioned to be the industry’s most owner-driven experiential management company and an employer of choice. BOSTON, MA and THE WOODLANDS, TX / ACCESSWIRE / September 30, 2021 / Two hotel and resort management companies have joined forces, creating a powerful organization strategically positioned for the future of the global hospitality industry: Reference pyramid. With a global ...

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Historic Elkhart Hotel Celebrates Grand Opening

Cressy Commercial Real Estate and its partner Mno-Bmadsen, the non-gaming investment arm of the Pokagon Band of the Potawatomi Indians, today announced that the historic Hotel Elkhart in Elkhart, Indiana, will be celebrating its grand opening on September 28, 2021. After more than two years of construction and delays due to the COVID-19 pandemic, the iconic Hotel Elkhart will reopen ...

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Miami Beach Goodtime Hotel Receives $ 164 Million Funding Via Walker & Dunlop

The main attraction of the boutique hotel is the food and drink offering, which is managed by that of David Grutman Groot Hospitality. Featuring a pool, restaurant, and club with DJ performances and live music, the 26,000-square-foot pleasure deck is a destination in itself. With an emphasis on design, generous common spaces, independent branding, and premium food and beverage options, ...

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Melbourne hotel deals indicate strong resurgence

Hotel and hospitality assets have become hot commodities in Melbourne despite tough business conditions amid COVID shutdowns, with the hospitality industry experiencing its strongest period of transactional activity in two decades, agents said. For example, the Edwardes Lake Hotel’s freehold interest in the reservoir sold for $ 28 million earlier this month, a day after its expression of interest campaign ...

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Wyndham Hotels & Resorts (WH) gains 0.43% on solid volume September 28

Last prize $ Last trade Switch $ Percentage of change % Open $ Previous Close $ High $ moo $ 52 weeks high $ 52 weeks low $ Market capitalization P / E ratio Volume To exchange WH – Market data and news To exchange Wyndham Hotels & Resorts Inc (NYSE: WH), a Parsippany, New Jersey company, gained to close ...

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Affiliates of Paceline Equity Partners Acquire Two Hotels in Charlotte, NC |

DALLAS – (BUSINESS WIRE) – Sep 28, 2021– Subsidiaries of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced the acquisition of two limited-service hotels in the greater Charlotte area, the Holiday Inn Express & Charlotte Ballantyne Suites and the TownePlace Suites Moulin at Fort Charlotte. The Holiday Inn Express & Suites Charlotte Ballantyne was built in ...

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Blackstone sells Cosmopolitan casino and hotel for $ 5.65 billion

To paraphrase Kenny Rogers’ immortal words: you need to know when to hold them, know when to fold them, know when to go … and know when to sell your hotel, casino, nightclub and 3,000-room resort. for billions of dollars. That’s the tune that investment management group Blackstone sang on Monday when it announced it had cashed in the Las ...

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Fight inflation with these traditional knowledge strategies

Indraneel Karlekar is Head of Research for Principal Real Estate, which manages nearly $ 100 billion. He told Insider he believes investors will continue to use real estate as a hedge against inflation. He also touched on 3 other themes guiding real estate investment decisions. American investors are increasingly concerned about inflation. Inflation is calculated from the change in the ...

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WoodSpring Suites eclipses 300 open hotels, paving the way for future growth

This latest step in opening Choice Hotels’ extended stay portfolio further illustrates the resilience and expansion of the company’s extended stay model into the economy and mid-range space. From June 30, 2021, the WoodSpring Suites, MainStay Suites and Suburban Extended Stay brands respectively have 453, 217 and 86 hotels open or under construction. Everhome Suites, the company’s new brand launched ...

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Summit Hotel Properties (INN) is great dynamic action: should you buy? – September 23, 2021

Dynamic investing involves following the recent trend of a stock, which can be both ways. In the “long” context, investors “will buy at a high price, but hope to sell even higher”. And for investors who follow this methodology, it is essential to take advantage of trends in a stock’s price; Once a stock establishes a price, it is more ...

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Saudi Arabia to merge PIF-backed Red Sea tourism project developers to cut costs

Saudi Arabia will merge two public developers working on its Red Sea tourism project into a single entity to reduce costs and boost synergies, as the kingdom accelerates the development of its nascent tourism industry. The Red Sea Development Company (TRSDC) and Amaala, owned by the kingdom’s sovereign wealth fund, the Public Investment Fund, are developing adjacent megaprojects on the ...

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Business News | Stock market and stock market news

Search for quotes, news, net asset values ​​of mutual funds TIC INE154A01025, ITC, 500875 Vodafone idea INE669E01016, IDEA, 532822 Addiction INE002A01018, RELIANCE, 500325 Steel tata INE081A01012, TATASTEEL, 500470 IRCTC INE335Y01012, IRCTC, 542830 Search for quotes, news, net asset values ​​of mutual funds TIC INE154A01025, ITC, 500875 Vodafone idea INE669E01016, IDEA, 532822 Addiction INE002A01018, RELIANCE, 500325 Steel tata INE081A01012, TATASTEEL, 500470 ...

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Lender sues for foreclosure against owner of DoubleTree hotel

DoubleTree Hotel near Miami International Airport and President of United Capital Corp. Anthony “Tony” Miceli (Google Maps, LinkedIn) The owner of the DoubleTree by Hilton Hotel & Miami Airport Convention Center has reportedly not made mortgage payments since April 2020. So the lender is now seeking to collect nearly $ 33 million in unpaid debt. The lender, a commercial mortgage-backed ...

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VI Ministry of Tourism Credits Success of public-private partnerships

(Left to right): Wayne Biggs, CEO of the US Virgin Islands Economic Development Authority (USVIEDA); USVI Tourism Commissioner Joseph Boschulte; Yolanda Bryan, USVIEDA Business Ambassador; and investor Steve Boughner of Global Solutions VI LLC, at the Caribbean Hotel & Resort Investment Summit in Florida. (Photo submitted) The U.S. Virgin Islands attribute their ability to survive and thrive during the global ...

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Hotels, hires and offers, offers, offers !! – Commercial Observer

In 1999, the Ace Hotel was a former flophouse in Seattle’s Belltown neighborhood that the late Alex Calderwood and two friends saw possibilities in. Twenty-two years later, it’s a global, creative, hipster, culinary hospitality phenomenon with outposts in Palm Springs, Downtown LA, London, Nomad … and downtown Brooklyn! Commercial Observer got a glimpse of the 13-story, 287-room Stonehill Taylor-designed hotel ...

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University leads the way at the Omni Tempe Hotel

Arizona Supreme Court agreed to review Arizona Attorney General’s lawsuit against ASU-Omni Hotels deal ahead of ceremony Photo by Kiersten Moss | The state press From left to right, ASU President Michael Crow, Tempe Mayor Corey Woods, Omni Hotels President Peter Strebel, Regent Bill Ridenour and ASU Vice President of Real Estate Development John Creer at the revolutionary event of ...

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Historic Donation Creates Cornell Peter and Stephanie Nolan School of Hotel Administration

A landmark donation of $ 50 million from Peter Nolan ’80, MBA ’82 and Stephanie Nolan ’84, announced at a campus event on September 17, will establish the Cornell Peter and Stephanie Nolan School of Hotel Administration and provide scholarships to expand access to education for future generations of hotel business leaders. The donation will support financial aid to the ...

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Lowe Joint Venture acquires 3 hotels in the woods from Howard Hughes Corp.

THE WOODS, TX – A joint venture between Lowe and an institutional investor today announced the acquisition from The Howard Hughes Corporation® (NYSE: HHC) of three hotel assets located in The Woodlands®, an award-winning 28,500-acre planned community in the greater Houston area. The Woodlands Resort; The Westin at the Woodlands; and Embassy Suites by Hilton, The Woodlands at Hughes Landing ...

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The hotel group’s first stand-alone residential project heads to Lido Key | Business Observer

LIDO KEY – A 65 unit condominium is heading to Lido Key in 2025. Rosewood Residences Lido Key is the first stand-alone residential project of Rosewood Hotels and Resort. The condo project, steps from the Circle of St. Armands, will be led by Naples-based luxury real estate developer The Ronto Group and real estate investment firm Wheelock Street Capital, according ...

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Treasury courting FDI for multi-billion dollar opportunities

Publishes full document titled “Investment Opportunities in Sri Lanka’s Growth 2022” The compendium lists specific opportunities with a description, the amount of investments sought in sectors such as electricity and energy, pharmaceuticals, textiles, real estate, urban development, fisheries and aquaculture, the port city, travel and tourism, and aviation Real estate and urban development represent the largest number of projects 3 ...

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Private Funds Conference For Investment Advisors Scheduled In Person In Denver On September 28-29 | Colorado

DENVER, 23 Aug 2021 / PRNewswire / – The private funds conference for investment advisers 2021 is hosted by Alta Trust Company at Le Méridien Hotel in downtown Denver September 28-29, 2021. The event will teach Registered Investment Advisers (RIAs) and asset managers how to launch and manage their own private funds. Common types of private funds include private equity ...

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The Hamilton debuts as Alpharetta’s first upscale boutique

Atlanta, Aug 11, 2021 (GLOBE NEWSWIRE) – Alpharetta, Georgia’s premier boutique hotel, The Hamilton Curiosity Collection by Hilton, officially opens today in the heart of the city. Recognized as the “# 1 place to settle in America” ​​by Forbes and in the “Top 15 friendliest cities” by Live in the southAlpharetta’s popularity is booming and the Hamilton further adds to ...

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Allen Glick, 1970s Mafia Leader and Casino Boss, Dies

MYSTERY WIRE – One of the most important figures in the history of organized crime died quietly in Southern California a few days ago. Allen Glick was once considered the boy prodigy of the Nevada casino industry, but in reality he was a leading man for the Mafia. Allen R. Glick’s initials – ARG – inspired the name of his ...

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Book a last minute summer trip? The Texans have a warning: “$ 1,806 GONE! “

AUSTIN (KXAN) – It was a weekend bachelorette party for a best friend. The group had narrowed down the out-of-state location and activities for the May trip. “Found the 4-wheel ATV riding website and emailed about the details,” the complaint told BBB scam tracker. “I went to the website, booked, added the date, pickup location, number of people, and time.” ...

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THE JAMES BEARD FOUNDATION ANNOUNCES THE BENEFICIARIES OF THE 2021 NATIONAL SCHOLARSHIP PROGRAM

The James Beard Foundation has announced the recipients of the 2021 National Scholarship Program. Established in 2016, the National Scholarship Program offers scholarships of $ 20,000 each to 12 food-focused individuals who plan to pursue studies in culinary arts, food studies, agriculture, hotel management and other related fields. The committee intended to select a group of academics who represented diversity ...

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7 REITs I own and never intend to sell

I’ve been known around The Motley Fool as “The REIT Guy” by many of my colleagues and readers, so it shouldn’t be so surprising that my own stock portfolio is filled with REITs or real estate investment trusts. . In this fool live Video clip, recorded July 16, I discuss my most important REIT positions with my colleague Brian Withers ...

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Aloft Miami Brickell hotel owner files for bankruptcy

Pedro Villar of Sunview Companies with the hotel (Marriott, LinkedIn via Villar) Seeking to avoid “aggressive foreclosure action” by his Park Avenue lender, the owner of the Aloft Miami Brickell hotel has filed for Chapter 11 bankruptcy. In a statement that was part of the bankruptcy petition, hotel developer Pedro Villar said New York City’s Torchlight Investors falsely attempted to ...

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Global trade investment returns with a vengeance in 2021

E-mail Sign up for our free weekly newsletter According to global real estate consultant CBRE, with the acceleration of vaccinations and the reopening of economies around the world, the global volume of commercial real estate investments increased 98% year-on-year to reach $ 260.4 billion in the second quarter of 2021. The rebound has been robust in the Americas and in ...

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Third paragraph of your cover letter – get the reader to act – Red Deer Advocate

If you don’t ask, you don’t get. In the 1992 film Glengarry Glen Ross, Alec Baldwin’s character Blake gives a shaping or shipping speech to a group of real estate sellers. He turns over a blackboard on which are written two sets of letters. A set of letters is “ABC”. Blake then shouts, “ABC. Has always ; B, to be; ...

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Bunkhouse Group Continues Austin Expansion With The Carpenter Hotel

Bunkhouse Group, a hotel company that has made its mark on Austin’s South Congress Avenue, is expanding its brand to operate another hotel in the Texas capital. Austin-based Bunkhouse takes over management of the Carpenter Hotel, one of the city’s newest properties, as well as the hotel’s on-site restaurant, Carpenters Hall. The hotel and restaurant are located on Josephine Street, ...

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Eco Hotels Expands UK Presence with New CEO | Item

Eco Hotels, an incubation of Red Ribbon Asset Management, has revealed its intention to roll out carbon neutral hotels in the UK and India, with Muhammad Manan being appointed Group CEO for UK operations. The group has two brands, Eco Premium and Ecolodge, which will offer carbon-neutral hotels for customers. Brands will aim to deliver greener hospitality while complying with ...

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The ABCs of Investing in Real Estate in Mexico – The Yucatan Times

Have you ever wondered what it’s like to invest in a hotel or a shopping center? Stop dreaming about it, we will explain, step by step, how to do it without having millions in the bank. MEXICO, (July 20, 2021) .- If you are interested in increasing your wealth because you are convinced that it is not only a privilege ...

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Equity Commonwealth (NYSE: EQC) Short interest rate up 78.5% in June

Equity Commonwealth (NYSE: EQC) benefited from strong growth in short interest during the month of June. As of June 30, there was short interest totaling 6,320,000 shares, an increase of 78.5% over the June 15 total of 3,540,000 shares. Based on an average trading volume of 1,330,000 shares, the short-term interest rate is currently 4.8 days. About 5.3% of the ...

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Laguna Beach partially lifts the stop work order on the restoration of the Laguna hotel

Restoration work may resume at the Laguna Hotel on its restaurant, lobby, bar and kitchen after the town of Laguna Beach partially lifted a stop-work order on the historic monument that was placed when the authorities discovered that exterior work was being carried out without a permit. A statement released by the city on Wednesday said building inspectors confirmed that ...

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Dusit International Expands Hotel Business in Thailand with Opening of Pet-Friendly DusitD2 Hua Hin

With a wide range of modern facilities and state-of-the-art air filtration systems, the new hotel offers a comfortable, convenient and safe getaway for families and groups of friends in the heart of the popular seaside town. , only 200 km south of Bangkok. Hua Hin, Thailand, July 15, 2021 – (ACN Newswire) – Dusit International, one of Thailand’s leading hotel ...

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Colliers’ latest report on New Zealand hotel market confirms recovery is underway

Thursday July 15, 2021, 9:14 a.m.Press release: Necklaces International Dean Humphries, Country Manager of Colliers Hotels, notes that KPIs have improved compared to the same period last year, when New Zealand first entered a business environment impacted by Covid. The long-awaited bubble in trans-Tasman travel, which began in April, has been welcomed by the entire industry, especially those regions most ...

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9 Hot Penny Stocks To Watch For The Week Ahead

Are These 9 Penny Stocks Worth Adding To Your Watchlist? With a new week in just a few days, there are plenty of penny stocks to watch out for. Of course, finding the best ones involves understanding what makes them move and how to trade penny stocks. But, with some careful online research and a lot of research, any trader ...

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Summer tourism in Sarasota-Bradenton is strong in May and June

Summers in Sarasota-Manatee are generally hot, humid, and slow. By the time May arrives, snowbirds have generally flocked to their native northern lands, and other tourists are usually on vacation in Europe or on a weeklong getaway while their children are on summer vacation. But not this year. As Florida was one of the first states to reopen after the ...

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Oakland agrees to start negotiations with the Coliseum suitors. Here’s a look at who might buy the stadium

Oakland City Council unanimously approved a resolution on Tuesday to begin non-exclusive negotiations with potential bidders for the city’s share at the Colosseum site – a key step in determining the stadium’s future. Tuesday’s vote allows the city administration to negotiate with groups that have expressed interest in purchasing the site. The stake is the capacity to attract future sports ...

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Mercer Collection Releases for £ 10.5 Million | Item

The Mercer Collection, a portfolio of seven upscale boutique hotels and self-catering cottages in Southsea, Portsmouth, has been marketed at a guide price of £ 10.5million. The Mercer collection was created in 2004 by Daniel and Vicki Sutton, a couple from Hampshire. Significant investments have been made in all assets since 2018, including the conversion of three of the existing ...

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Caesars Palace to welcome guests with 15-foot-tall Caesars statue

Posted: July 6, 2021, 1:13 p.m. Last update on: July 6, 2021, 3:44 a.m. Caesars Palace is completely renovating the main entrance to the Las Vegas Strip casino. Construction is expected to start in the next few days and will likely be completed in time for New Years Eve. The main hall of Caesars Palace is undergoing a major renovation. ...

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