Roughly 135 of New York City’s nearly 680 hotels are housing illegal immigrants, a loss of 16,532 hotel rooms, according to a report in the New York Times. This represents approximately one out of five hotels. The current level of lodging availability is 2,812 fewer...
A landlord facing multiple indictments, a pair of new lawsuits and a boffo sale of a game show host’s estate. From the wild and wooly world of real estate, here are our hits and misses for the real estate week of April 29-May 3. Miss: The Landlord from Hell. A New...
Starwood Capital Group, a global private investment firm with a focus on real estate, has acquired a portfolio of 10 hotels with 2,053 rooms in Central London from Edwardian Group for an undisclosed sum via an off-market transaction. Edwardian Group will continue to...
Choice Hotels International Inc. (NYSE: CHH) has launched a hostile bid to acquire Wyndham Hotels & Resorts Inc. (NYSE: WH), which previously rejected offers for a potential takeover. Choice is using an exchange offer for Wyndham stock, appealing directly to...
Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) announced it has entered into a definitive agreement to be acquired by Hilton Grand Vacations Inc. (NYSE: HGV) for $75.00 per share in an all-cash transaction, representing a total enterprise value of...
Fed Holds Rates at 3.75%–4.00% as Two Officials Call for Another Hike
