Archive for April, 2009
Icahn Doesn’t Own The Tropicana Yet..
Even though the Tropicana Atlantic City has filed for bankruptcy and Carl Icahn has a signed sales agreement in place to purchase the asset – that doesn’t mean that he automatically will own it.
Carl Icahn Close To Getting The Tropicana Atlantic City
Unless other bidders come out – Carl Icahn looks like he may be the newest owner of the Tropicana Atlantic City using a combination of cash and the bonds he already owns in the property as payment. This is a road Icahn has been down in the past – and is similar to what he’s also currently doing with MGM Mirage.
Cosmopolitan Las Vegas Just Can Never Catch A Break
The Cosmopolitan Las Vegas gets caught up in another delay – this time the lawsuit between Starwood & Hilton.
Work Is Suspended on Hilton’s Denizen Brand
Things have gone from bad to worse for Hilton. They were recently served a subpoena for their actions involving Starwood, which has forced them to suspend all activity on the Denizen brand development as well as placing most of the employees involved in Hilton’s Prestige Portfolio on paid administrative leave – including Ross Klein and Amar Lalvani.
Starwood Hotels and Resorts Has A New Modern, Playful and Fun Logo
It looks like Starwood Hotels & Resorts is going to be updating their corporate logo to reflect a new, modern, playful feel, vs their current logo which is essentially all “corporate”.
Hilton Has Serious Issues To Get Through With This Starwood Lawsuit
Starwood Hotels is suing Hilton Hotels because two of Starwood’s former employees have stolen over 100,000 documents when they were hired by Hilton. This could end up being a major headache for Hilton, and one of the largest corporate espionage cases in recent history.
1 Hotel Washington Continues On (And Pictures!)
The 1 Hotel Washington DC seems to be the only 1 Hotel that is actually moving forward, although it won’t be open until 2011.
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