Home / Finance + Development (page 8)

Category Archives: Finance + Development

Feed Subscription

Carey Watermark Investors Acquires Westin Minneapolis

Carey Watermark Investors Acquires Westin Minneapolis

NEW YORK—Carey Watermark Investors Incorporated (CWI) announced that it has acquired the Westin Minneapolis hotel. The full-service hotel includes 214 guestrooms and is located in downtown Minneapolis. The acquisition price was $66.4 million and was financed with $43.5 million of ...

Read More »

JW Marriott Austin Opens

JW Marriott Austin Opens

AUSTIN—JW Marriott Hotels & Resorts opened its first property in Austin today, approximately two and a half years after the hotel first broke ground. The 34-story JW Marriott Austin is not only the largest hotel in Austin, but also the ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »
Scroll To Top