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DHS Claws Back $59 Million Given to NYC Hotels Housing Illegal Immigrants

DHS Claws Back $59 Million Given to NYC Hotels Housing Illegal Immigrants

by Phil Hall | Feb 12, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Department of Homeland Security (DHS) has confirmed it has successfully clawed back the $59 million from an unauthorized transfer to New York City hotels that are housing illegal immigrants. The Federal Emergency Management Agency (FEMA) suspended the payments...
4 FEMA Workers Fired for Unauthorized Payment of $59 Million to NYC Hotel Housing Migrants

4 FEMA Workers Fired for Unauthorized Payment of $59 Million to NYC Hotel Housing Migrants

by Phil Hall | Feb 11, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Department of Homeland Security (DHS) has fired four employees of the Federal Emergency Management Agency (FEMA) for making an unauthorized transfer of $59 million to New York City hotels housing illegal immigrants. DHS released a statement to Fox News announcing...
DHS Claws Back $59 Million Given to NYC Hotels Housing Illegal Immigrants

Elon Musk: FEMA Gave $59 Million Last Week to NYC Hotels for Housing Illegal Immigrants

by Phil Hall | Feb 10, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Elon Musk announced the Department of Government Efficiency (DOGE) identified an unauthorized $59 million allocation by the Federal Emergency Management Agency (FEMA) for the lodging of migrants in New York City hotels. “The @DOGE team just discovered that FEMA sent...
Hyatt to Acquire Playa Hotels & Resorts for $2.6 Billion

Hyatt to Acquire Playa Hotels & Resorts for $2.6 Billion

by Phil Hall | Feb 10, 2025 | Commercial Real Estate News, International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

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...
Shaner Hotels in New Alliance with Dubai’s The First Group

Shaner Hotels in New Alliance with Dubai’s The First Group

by Phil Hall | Nov 26, 2024 | Commercial Real Estate News, International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Shaner Hotels, a State College, Pennsylvania-headquartered hotel owner, operator and developer, has announced an alliance between its Shaner Italia division and Dubai-based The First Group, a hospitality real estate developer and management company. The new alliance...
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