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Hyatt Acquires Standard International and Hotel Brands

Hyatt Acquires Standard International and Hotel Brands

by Phil Hall | Aug 21, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Hyatt Hotels Corporation (NYSE: H) announced the planned acquisition of Standard International, parent company of The Standard and Bunkhouse Hotels brands. Upon closing, Hyatt will pay a base purchase price of $150 million, with up to an additional $185 million over...
Frank Lloyd Wright-Designed Skyscraper Listed for Sale

Frank Lloyd Wright-Designed Skyscraper Listed for Sale

by Phil Hall | Aug 20, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The only completed skyscraper designed by the master architect Frank Lloyd Wright is being listed for sale only 18 months after it last changed hands. Art News reported Price Tower, a 19-story, 221-foot-high mixed-use property in Bartlesville, Oklahoma, is being...
Fire-Damaged Historic Hotel Fire Prevented from Rebuilding Due to 1891 Property Line

Fire-Damaged Historic Hotel Fire Prevented from Rebuilding Due to 1891 Property Line

by Phil Hall | Aug 20, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The owners of a historic Michigan hotel undergoing reconstruction following a 2022 fire are going to court because a dispute over an 1891 property line is preventing the hotel from reopening. According the WCRZ.com, the Holly Hotel was among the businesses in Holly,...
ElmTree Funds Debuts Early Investor Incentive Program

ElmTree Funds Debuts Early Investor Incentive Program

by Phil Hall | Aug 20, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

ElmTree Funds, the St. Louis-based private equity real estate firm focused on the commercial real estate net-lease sector, has unveiled an early investor incentive program designed to benefit early investors in the firm’s recently launched ElmTree Industrial Trust, a...
Colorado Church Becomes First to Tokenize

Colorado Church Becomes First to Tokenize

by Phil Hall | Aug 19, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

REtokens, a Swiss company focused on tokenizing real estate assets, has collaborated with One Hope of Colorado to tokenize an historic church using the Polymesh blockchain. One Hope rents a landmark building known as Old Stone Church (OSC), the 1897 church in Fort...
7-Eleven Parent Company Receives Acquisition Bid

7-Eleven Parent Company Receives Acquisition Bid

by Phil Hall | Aug 19, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Japan’s Seven & i Holdings (OTCMKTS: SVNDY), the parent company of the 7-Eleven chain, has received an unexpected acquisition bid from the Canadian-based Alimentation Couche-Tard Inc. (ACT) (TSX:ACT) that could create one of the world’s largest retail networks....
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