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Letter of Intent

Letter of Intent

While not a legally binding document, a letter of intent lays out the basic requirements of a real estate transaction in clear, concise language. These documents tend to include a proposed time frame, purchase price, inspection requirements, and delivery time ...

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The Bernic Prepares for Winter 2016 Debut

The Bernic Prepares for Winter 2016 Debut

NEW YORK—The Bernic, a new hotel located at 145 East 47th Street, is coming to the heart of Midtown Manhattan East. The hotel, set to open winter of 2016, will focus on keeping its guests connected to the world through ...

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Vacation Rental Segment Continues to Grow

On the heels of the announcement that Expedia will acquire HomeAway, the Vacation Rental Managers Association (VRMA) 2015 Annual Conference has revealed trends and hot topics in the rental industry. According to new data, 23 percent of U.S. travelers this ...

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AccorHotels Introduces Pullman Brand to North America

AccorHotels Introduces Pullman Brand to North America

As part of AccorHotels continued expansion of its luxury and upscale portfolio of hotel brands worldwide, today the global hospitality group announced the introduction of Pullman Miami Airport, North America’s first Pullman address. The Pullman Hotel, previously home to Sofitel ...

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Westin Fort Lauderdale Finishes Room Transformation

Westin Fort Lauderdale Finishes Room Transformation

FORT LAUDERDALE, Fla.—The Westin Fort Lauderdale—situated in Fort Lauderdale/Pompano Beach area, overlooking a three-acre lagoon—has announced the finalization of a multi-million transformation centered upon a dramatic room design for all 298 guestrooms and suites. Near the business districts of Deerfield ...

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Carey Watermark Purchases Embassy Suites Denver

Carey Watermark Purchases Embassy Suites Denver

NEW YORK—Carey Watermark Investors 2 (CWI 2), a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has purchased the Embassy Suites by Hilton Denver–Downtown/Convention Center, a 403-suite, full-service hotel located in ...

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