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Archive for July, 2009

Robert FX Sillerman Admits Defeat

Andrew Calvo | July 30, 2009 | 0 Comments

Robert Sillerman is a billionaire who decided to get into real estate investing, and has failed miserably – shockingly he has admitted defeat and is getting out of real estate.

Everyone is Jumping the Gun on the Cosmopolitan in Las Vegas

Andrew Calvo | July 29, 2009 | 0 Comments

There has been of reports that Hilton will be managing and branding the new Cosmopolitan Casino and Resort in Las Vegas – but I think the odds of that are nil to none due to the Starwood/Hilton Lawsuit.

What Happened to Hilton’s Denizen?

Andrew Calvo | July 10, 2009 | 2 Comments

Ever since Starwood sued Hilton over their Denizen brand no word has come from either party about Denizen’s fate. I don’t think anyone expects Denizen to ever see the light of day at this point – but still.. What’s going on?

Trump Marina Sale Is Off

Andrew Calvo | July 9, 2009 | 0 Comments

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.

Global Hyatt Changes Their Name to Hyatt Hotels Corporation – Finally

Andrew Calvo | July 9, 2009 | 0 Comments

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.

MetroBank Gets Served First Lawsuit For Its Branding

Andrew Calvo | July 8, 2009 | 1 Comment

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.

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

Andrew Calvo | July 8, 2009 | 1 Comment

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.

Starwood Capital Not Purchasing All Golden Tulip Company Owned Hotels

Andrew Calvo | July 7, 2009 | 0 Comments

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.

Starwood Capital Signs Binding Agreement For Golden Tulip Purchase

Andrew Calvo | July 4, 2009 | 0 Comments

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

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

Andrew Calvo | July 2, 2009 | 1 Comment

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.