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Felcor Lodging Trust Debuts Knickerbocker Hotel

Felcor Lodging Trust Debuts Knickerbocker Hotel

IRVING, Texas—FelCor Lodging Trust has announced the opening of The Knickerbocker Hotel, located on the corner of 42nd Street and Broadway in New York City, in the heart of Times Square. The newly redeveloped hotel has 330 guest rooms, including ...

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Cheap Oil’s Impact on Energy Market Hotels

Cheap Oil’s Impact on Energy Market Hotels

After dropping precipitously last year, oil prices have settled into a new normal the past few months with crude staying cheap due to a global supply glut. Federal Reserve Bank of Dallas President Richard Fisher said in a television interview ...

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Hilton Closes Sale of Waldorf Astoria New York

Hilton Closes Sale of Waldorf Astoria New York

MCLEAN, Va.—Hilton Worldwide Holdings today announced it closed its previously-announced sale of the Waldorf Astoria New York to Anbang Insurance Group Co. for $1.95 billion. In addition, Hilton Worldwide has signed agreements to redeploy the proceeds of the sale to ...

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Auction.com: CRE Markets at Strongest Since Recession

Auction.com: CRE Markets at Strongest Since Recession

IRVINE, Calif.—Auction.com today released its Q4 2014 Commercial Real Estate (CRE) Market Monitor, which shows healthy increases in both deal volume and price growth even as risk premiums edge up. CRE deal volume is at a new post-recession peak as ...

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Iconic Properties Purchases Aspen’s Historic Hotel Jerome

Iconic Properties Purchases Aspen’s Historic Hotel Jerome

HOUSTON, Texas—Houstonian Dan Friedkin, through his hospitality investment company Iconic Properties, has purchased Aspen’s historic Hotel Jerome, an Auberge Resort, from Chicago-based DRW Real Estate. The purchase is part of Friedkin’s further expansion in the hospitality industry, following his 2013 ...

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