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Category: Hotels

Extended Stay Hotels Files For Bankruptcy

Andrew Calvo | June 16, 2009 | 2 Comments

Extended Stay Hotels filed for Chapter 11 bankruptcy yesterday – ending speculation of when or if banks were going to force ESH’s owners, The Lightstone Group to surrender the properties. All in all, this just goes to show how banks were willing to finance almost anything during the highs of the markets.

Starwood Capital Purchases Golden Tulip Hotels

Andrew Calvo | June 14, 2009 | 2 Comments

I think we’ll be seeing more of this in the near future – but on Friday Starwood Capital announced their intentions to purchase Golden Tulip Hotels. This seems like it’s going to be a complete purchase of the company – management contracts, company owned hotels, and any future deals that Golden Tulip may be involved [...]

Starwood Capital Puts It’s Crillon Hotel On The Market

Andrew Calvo | June 10, 2009 | 6 Comments

Starwood Capital placed the Crillon hotel in Paris on the market earlier this week, an extremely surprising move since Starwood has spoken so highly of the asset, and even intended to create a hotel brand based on the initial, historic location in Paris.

Starwood Capital’s 1 Hotels and Baccarat Brands Expanding First Into China

Andrew Calvo | June 10, 2009 | 0 Comments

A story from the South China Morning Post states that Starwood Capital is investing $2 billion over the next 5 years in its 1 Hotel & Baccarat Hotel brands – in China. The story has so many conflicting statements, both within the story and based on news that’s occurred over the past few months.. I’m almost not sure to believe anything in the article!

Rumors of 1 Hotels Demise Are Greatly Exaggerated

Andrew Calvo | May 13, 2009 | 0 Comments

Further proving that development hasn’t stopped on the 1 Hotel brand – a new flash animation has appeared on the main 1 Hotels website.

Carl Icahn Close To Getting The Tropicana Atlantic City

Andrew Calvo | April 25, 2009 | 0 Comments

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.

Work Is Suspended on Hilton’s Denizen Brand

Andrew Calvo | April 21, 2009 | 9 Comments

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.

Hilton Has Serious Issues To Get Through With This Starwood Lawsuit

Andrew Calvo | April 17, 2009 | 3 Comments

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.

Why I’ve Been So Quiet

Andrew Calvo | March 26, 2009 | 1 Comment

For those wondering where I’ve been hiding over the past few weeks – I’ve been here, just reevaluating my career goals, and the goals of this blog.. I’ve decided to go back to school – get my Masters in Real Estate, so that I can learn all I need to learn, and give myself a good step forward in the real estate industry.