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Archive for March, 2011

CerXus Makes Mistake By Rejecting Starwood Property Trust Takeover Attempt

Andrew Calvo | March 30, 2011 | 0 Comments

Starwood Property Trust put another company on the map this week – Crexus Investment Corporation – by making an unsolicited bid to purchase the entire company at a 20% premium to their current stock price. What did Crexus’ board decide to do? Reject it. Why would they do that? What company would not want to [...]

Starwood Capital Makes Second Entry into NYC Hotel Market in Two Months

Andrew Calvo | March 21, 2011 | 0 Comments

Now this is interesting.. Last week, everyone was reporting how Starwood Hotels would be building a hotel at the Donnell Library in New York City in conjunction with Tribeca Associates, as long as Orient-Express would give up their development rights to the property.. Today, according to a press release from Orient-Express, it isn’t Starwood Hotels – but [...]

Caesars Centurion Tower Changing to Nobu Hotel

Andrew Calvo | March 7, 2011 | 3 Comments

Caesars Palace in Las Vegas announced today they are converting their old and unloved Centurion Tower into a boutique hotel called Nobu Hotel, based on the famous Nobu Restaurant that has a number of locations around the world. It’s going to be the first property from Nobu Hospitality (owned by Nobu Restaurant Group) with the [...]