Hyatt Hotels Corporation (NYSE: H) is acquiring all outstanding shares of Playa Hotels & Resorts NV (NASDAQ: PLYA) for $13.50 per share, or approximately $2.6 billion, including approximately $900 million of debt, net of cash. Playa is the owner and operator of...
San Francisco’s Golden Gate University is making another attempt to sell off part of its campus as a strategy to cover its frayed financial health. The San Francisco Business Times reports the school listed its primary campus building three years ago for an...
The new owner of an airport on Newfoundland Island owes $500,000 in property taxes – but the mayor of the town where the airport is based is shrugging off the delinquency while the local chamber of commerce leader is furious. CBC reports Ottawa businessman Carl Dymond...
Hilco JCP LLC and Copper Property CTL Pass Through Trust are now marketing 121 net-leased JCPenney properties located across 35 states representing over 16 million square feet. According to the companies, most of the portfolio’s properties are based in major...
Realtor.com is relocating its corporate headquarters from Santa Clara, California, to the Texas capital of Austin. The company was originally located in San Jose when it was founded in 1995 and moved to Santa Clara in 2016. Realtor.com’s leadership made the...
A real estate developer and the estate of the owner of a defunct Pittsburgh gay bar filed a lawsuit to prevent the shuttered site from being nominated for historic designation status. WESA.fm reports Laurel Communities and the estate of Donald Thinnes filed their...
