Trump Marina Sale Is Off

The sale of the Trump Marina to Coastal Development for a conversion into a Margaritaville Casino has been stopped due to the parties not being able to agree on terms of the sale.

Andrew Calvo | July 9th, 2009 | Continued

Global Hyatt Changes Their Name to Hyatt Hotels Corporation – Finally

Global Hyatt changed their name to Hyatt Hotels Corporation, to better reflect their brand, but the question still remains – why was it called Global Hyatt to start with? I always thought it was to make people think they were bigger than they really were.

Andrew Calvo | July 9th, 2009 | Continued

Starwood Capital Has An Impressive Showing In Hotel Magazine’s “325 Largest Hotel Companies”

This years HOTELS Magazine 325 Worlds Largest Hotel Companies list is showing that Starwood Capital is coming out of almost nowhere and jumping to number 8 on the list. Pretty impressive for a company that a few years ago seemed like it would never again be a major player in the hotel business.

Andrew Calvo | July 8th, 2009 | Continued

Starwood Capital Not Purchasing All Golden Tulip Company Owned Hotels

Starwood Capital is only purchasing 240-260 company owned hotels with the purchase of the Golden Tulip brand. The remaining company owned hotels not in the purchase will probably be franchised, yet still stay under the Golden Tulip Brand.

Andrew Calvo | July 7th, 2009 | Continued

Starwood Capital Signs Binding Agreement For Golden Tulip Purchase

On July 3rd Starwood Capital signed a binding agreement for the purchase of Golden Tulip Hospitality, merging the company with their Louvre Hotel Group.

Andrew Calvo | July 4th, 2009 | Continued

About this Site

My name is Andrew Calvo and I’m a 26 year old Commercial Real Estate Advisor in New Jersey. I live in Tinton Falls, NJ. This blog is about my passions – primarily hotels, commercial real estate, and development, etc.
Since I have been in High School I’ve had numerous jobs, but the field which has always [...]

Other Recent Articles

MetroBank Gets Served First Lawsuit For Its Branding

Metro Bank was recently served its first lawsuit based on its branding. Surprisingly its not because of the name Metro Bank – of which there are 4 other banks throughout America with the same name – but its because of its big red M.

Jul. 8 09 | Andrew Calvo | 0 comments | More

MGM Mirage Working on ‘MX’ and ‘Emblem’ Hotel Brands

MGM Mirage has been working on two new hotel brands for their MGM Mirage Hospitality Group – no word yet when they will appear, or even if both brands will appear, but the information I’ve managed to find out is still pretty interesting and demonstrates a new direction that MGM is looking to go in.

Jul. 2 09 | Andrew Calvo | 0 comments | More

W Hotels Gets Its Own Fashion Director and Music Curator

W Hotels is about to announce two new positions: Fashion Director and Music Curator. Two positions that you’d never think to find in a international boutique hotel brand.

Jun. 30 09 | Andrew Calvo | 0 comments | More

13 Story Shanghai Apartment Building Topples Over – In One Piece

A brand new 13-story apartment building in Shanghai toppled over and landed in one piece in Shanghai China this weekend. A remarkable example of the need for strong foundation footings in a building, as well as the fact that the building didn’t disintegrate upon landing.

Jun. 29 09 | Andrew Calvo | 2 comments | More

Red Roof Inn Defaults On Property Loans, Claims Ridiculous Reason For Default

Red Roof Inns defaulted on $367 million of mortgage debt recently. Fortunately this is only affecting 1/3rd of the Red Roof Inn properties, but ironically – its all the company owned properties. And one of the reasons for default is so ridiculous I think it’s a ploy to convince the banks to refinance their loans with better terms.

Jun. 25 09 | Andrew Calvo | 3 comments | More

Dark Side of Dubai

Dubai is one of those places where it seems that nothing in real estate and development can go wrong. Things are slowing down there, but there is still much more optimism in Dubai than there is in the rest of the world – and I think it’s a little too much and the developers, and the government isn’t being realistic enough.

Jun. 23 09 | Andrew Calvo | 0 comments | More
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