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Mississippi University Eyes Vacant Hotel to Solve Student Housing Shortage

Mississippi University Eyes Vacant Hotel to Solve Student Housing Shortage

by Phil Hall | Oct 4, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

An empty hotel in Mississippi’s capital city of Jackson is being eyed as a potential solution to a student housing shortage at the state’s largest historically Black university. Mississippi Today reported Marcus Thompson, president of Jackson State University, has...
New Hotel Planned at NYC’s Rockefeller Center

New Hotel Planned at NYC’s Rockefeller Center

by Phil Hall | Sep 13, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Kimpton Hotels & Restaurants, a division of IHG Hotels & Resorts (NYSE: IHG), is teaming with Extell Development Company for the creation of a new hotel at New York City’s Rockefeller Center. The 33-story Kimpton Rockefeller Center is set to open in late 2025...
West Virginia Governor Announces Deal to Halt Foreclosure Auction of Historic Hotel

West Virginia Governor Announces Deal to Halt Foreclosure Auction of Historic Hotel

by Phil Hall | Aug 22, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

West Virginia Gov. Jim Justice reached an agreement that will save The Greenbrier, a historic hotel owned by the governor and his family, from being sold in a foreclosure auction. Justice bought the historic Greenbrier out of bankruptcy in 2009. The property dates...
Hyatt Sells Orlando Hotel for $1 Billion

Hyatt Sells Orlando Hotel for $1 Billion

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

Hyatt Hotels Corporation (NYSE:H) completed the sale of the 1,641-room Hyatt Regency Orlando and adjacent 45 acres of land to affiliates of RIDA Development Corporation and an Ares Management Real Estate fund for approximately $1.07 billion. The Chicago-headquartered...
Rosewood Hotels & Resorts Plans New Bahamas Destination

Rosewood Hotels & Resorts Plans New Bahamas Destination

by Phil Hall | Aug 8, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Hong Kong-headquartered Rosewood Hotels & Resorts is expanding its Caribbean presence with a new resort planned for the Bahamas. The planned Rosewood Exuma will be developed in partnership with Yntegra Group, a Miami-based private investment company. The...
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