Archive for December, 2008

Atlantic City’s Bader Field RFP Deadline Extended

| December 24, 2008 | 0 Comments
Atlantic City’s Bader Field RFP Deadline Extended

Since Atlantic Citys Bader Field closed to air traffic – the only development expected to occur on the site are casinos and their ancillary services. Since Atlantic City put out a RFP for the site – they’ve had to extended it, due to lack of demand.

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W Providence Resurrected From The Dead?

| December 22, 2008 | 7 Comments
W Providence Resurrected From The Dead?

The W Providence was supposed to be the tallest building in Providence, but suddenly toward the end of 2007 the project was canceled. Now it seems as though it’s coming back to life with a mention of it opening in 2010 on W Hotel’s Website.

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Who Is Phil Ruffin? (Hint: He’s The One Who Just Bought MGM’s Treasure Island)

| December 15, 2008 | 0 Comments

In a pretty surprising move, MGM Mirage sold their Treasure Island Casino Resorton the Las Vegas strip to Phil Ruffin today. The casino sold for almost $775 million, $500 million in cash and $275 million in secured notes in a transaction that is already fully financed and scheduled to close in the second quarter of [...]

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Too Many Rumors On Hilton’s Boutique Brand

| December 15, 2008 | 4 Comments

In the past few weeks rumors about Hilton’s boutique brand have been running rampant – everything from when it was to be announced, to what it was going to be  named and what its “theme” would be The whole story is now almost becoming tabloid chatter and I’m almost about to throw my hands up [...]

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Wall Street Journal Wrong About Lightstone? I Don’t Think So.

| December 15, 2008 | 0 Comments

Extended Stay Hotels released a statement reiterating their current financial situation is fine – but not completely disputing the future money issues which the brand may experience as the WSJ had reported. Is Extended Stay trying to hide the truth by not really lying?

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MetroBank – “America’s Next Great Bank” – Coming Soon

| December 12, 2008 | 15 Comments
MetroBank – “America’s Next Great Bank” – Coming Soon

Vernon Hill – the creator of Commerce Bank is onto his next venture: Creating “America’s Next Great Bank” which seems like it could be better than Commerce Bank – with an international twist.

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Lightstone To Lose Extended Stay, So What Happens Next?

| December 8, 2008 | 6 Comments

Looks like Lightstone Group may lose their Extended Stay Hotels to the banks. After purchasing the brand in 2007 for $8 billion with only $1 billion down, the economic downturn might not allow them to continue making debt payments and the banks want to prevent bankruptcy.

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Steve Wynn’s Encore TV Commercial

| December 3, 2008 | 6 Comments

To publicize the opening of Steve Wynn’s new Encore resort on the Las Vegas Strip, he filmed a commercial while sitting at the very top of the hotel. Steve Wynn – never one to do something without being flashy!

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Park Hyatt on Extell’s W 57th Property Discovered Through Sleuthing

| December 2, 2008 | 0 Comments

Curbed.com & Steve Cuzzo from the NY Post found out that a Park Hyatt will be built on the property owned by Extell Development on W 57th Street, ending major speculation as to what will actually be built there.

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1 Hotel Washington DC To Have Groundbreaking Soon?

| December 2, 2008 | 0 Comments
1 Hotel Washington DC To Have Groundbreaking Soon?

Signs are pointing to a groundbreaking for the 1 Hotel Washington DC.

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