Hotel Development

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Starwood & Hilton seem to be close to settling on Denizen Lawsuit

Starwood & Hilton have come close to announcing a settlement in the ongoing Denizen/Trade Secrets lawsuit that was initially filed by Starwood earlier this year.

Dec. 1, 2009 | Andrew Calvo | 0 comments | Continued
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Starwood Hotels Moving Headquarters 20 Minutes Away to Stamford, CT

After a 3 1/2 year search, Starwood Hotels is moving their headquarters to Stamford, CT in January 2012 in a building that Starwood is calling a “brand showcase”.

Nov. 20, 2009 | Andrew Calvo | 1 comment | Continued
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Barry Sternlicht Interviewed by Maria Bartiromo on Mentoring Madness during Global Entrepreneurship Week.

Barry Sternlicht was interviewed by Maria Bartiromo for the Mentoring Madness segment of the Global Entrepreneurship Week, provided a lot of insight into how he started Starwood Capital (broke and unemployed) and what his motivation is for 1 Hotels.

Nov. 16, 2009 | Andrew Calvo | 3 comments | Continued
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Echelon Place On Hold For At Least 3 Years

Boyd Gaming announced that they will not be resuming construction on Echelon Place on the Vegas Strip for at least 3 to 5 years.

Oct. 28, 2009 | Andrew Calvo | 0 comments | Continued
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1Hotels.com Finally Gets A Refresh

Starwood Capital’s 1Hotel.com website did a light renovation – demonstrating that the brand is not forgotten or canceled.

Oct. 19, 2009 | Andrew Calvo | 0 comments | Continued
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Starwood vs Hilton Going to Grand Jury

Starwood’s lawsuit against Hilton about the stolen documents used to create the Denizen brand may be close to an end – but it may end up with Hilton and its former executives having criminal charges brought against them.

Oct. 7, 2009 | Andrew Calvo | 0 comments | Continued
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MGM Mirage Cutting City Center Project Condo Prices by 30%

MGM Mirage has finally bit the bullet and is reducing the prices of their condos at City Center by 30% – this seems to include both condos that have contracts out as well as condos not yet spoken for. This should speed up the process of closing on the existing contracts, as well as bringing new customers into the buying table.

Oct. 6, 2009 | Andrew Calvo | 0 comments | Continued
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Starwood Looking To Sell Societe Du Louvre Hotels Piece by Piece

Starwood Capital’s sale of the Hotel de Crillon is on rocky ground as the purchaser – JJW Hotels and Resorts looks to be unable to complete the financing of the deal. Starwood Capital also seems to be heading toward selling each property individually so as to get a better return on investment for its investors due to the economy not providing the returns Starwood had once expected.

Sep. 6, 2009 | Andrew Calvo | 0 comments | Continued
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Starwood Capital Completes Golden Tulip Purchase

Pretty much on schedule, Starwood Capital did complete the purchase of Golden Tulip on July 31st.

From their press release:

Starwood Capital, through an affiliate, announces today that it has completed the acquisition of Golden Tulip Hospitality BV’s Franchise business, its Development & Representation businesses, Joint Venture interests, and the brands, trademarks and intellectual property of Golden Tulip, Tulip Inn and its related brands.

Aug. 17, 2009 | Andrew Calvo | 0 comments | Continued
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Hilton Reportedly Having Breakup Talks With Blackstone

Amazing what 8 months can do in this economy. In January, Hilton Hotels looked to be the next darling of the hotel industry – not only was it owned by a cash rich parent – The Blackstone Group – who seemed to be willing to do whatever it would take to invest in the brand and make it #1, and was just about to launch two new brands – Home2Suites and Denizen. Hilton’s re-invigoration was going smoothly, Blackstone really seemed to be making an effort to ensure the viability of the company into a long term asset. Now today two newspapers are reporting that Hilton maybe broken up.

Aug. 10, 2009 | Andrew Calvo | 0 comments | Continued
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Everyone is Jumping the Gun on the Cosmopolitan in Las Vegas

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.

Jul. 29, 2009 | Andrew Calvo | 0 comments | Continued
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