Archive for October, 2008

MGM Delays Atlantic City & Las Vegas Developments

| October 31, 2008 | 0 Comments
MGM Delays Atlantic City & Las Vegas Developments

I cant say that I’m too surprised, but yesterday MGM Mirage announced that they are suspending development on two of their casinos – the MGM Grand Atlantic City and their joint venture with Kerzner International on the north end of the Las Vegas Strip. Both of these projects didn’t even break ground yet – so [...]

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SLS Hotel at Beverly Hills Due To Open This Week

| October 28, 2008 | 1 Comment
SLS Hotel at Beverly Hills Due To Open This Week

After a long renovation and many pushed back opening dates – the SLS Hotel at Beverly Hills is due to open to overnight guests starting on November 1st, yet I believe the lobby, restaurant, etc will be open today, Oct 27th – it’s a little hard to understand what they mean by “Opening Oct 28th, [...]

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Starwood Capital In Talks To Sell Some French Hotels

| October 27, 2008 | 0 Comments

Update: According to Reuters, the hotels being purchased are the 12 Concorde Hotels in France. Hotel de Crillon, Hotel de Louvre, and Hotel Ambassador (which is being sold to another investor) are not included in the transaction. Most likely the other remaining Concorde Hotels will stay as-is, as Starwood is only selling the hotels – not [...]

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