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Wyndham Rejects Choice Hotels’ $7.8 Billion Takeover Offer

Wyndham Rejects Choice Hotels’ $7.8 Billion Takeover Offer

by Phil Hall | Oct 17, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Choice Hotels International Inc. (NYSE: CHH) has put forth an offer to acquire all the outstanding shares of Wyndham Hotels & Resorts Inc. (NYSE: WH) at a price of $90.00 per share, payable in a mix of cash and stock and totaling $7.8 billion. However, Wyndham...
Mikael Nyberg Named Chief Operating Officer at LendingStandard

Mikael Nyberg Named Chief Operating Officer at LendingStandard

by Phil Hall | Oct 17, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

LendingStandard, a Kansas City-based platform focused on commercial real estate finance, has hired Mikael Nyberg as its new chief operating officer (COO). “Mikael Nyberg’s exceptional track record in operational excellence and proven ability to drive...
Historic Hotel del Coronado Receives $160 Million Restoration Investment

Historic Hotel del Coronado Receives $160 Million Restoration Investment

by Phil Hall | Oct 16, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

One of the most famous hotels in the nation announced a new investment to restore its historic Victorian building. San Diego’s Hotel del Coronado will receive more than $160 million from Blackstone Real Estate, which marks the next and final phase of its more than...
Bedrock Energy, Geothermal Provider to Commercial Properties, Secures Seed Capital

Bedrock Energy, Geothermal Provider to Commercial Properties, Secures Seed Capital

by Phil Hall | Oct 11, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Bedrock Energy, a Los Angeles technology startup that designs, constructs and delivers geothermal heating and cooling systems to commercial properties, announced $8.5 million in seed capital. The financing round is led by Wireframe Ventures, with participation from...
DeSimone Consulting Engineering Acquires British Firm Decipher

DeSimone Consulting Engineering Acquires British Firm Decipher

by Phil Hall | Oct 10, 2023 | Commercial Real Estate News, Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The New York City-based engineering and construction consulting firm DeSimone Consulting Engineering announced the acquisition of the British construction consultancy firm Decipher. Based in Cheshire, England, with offices in London, Manchester, and Dubai, Decipher...
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