real estate

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My Thoughts on Dubai

Just some of my thoughts on Dubai’s monetary woes..

Nov. 30, 2009 | Andrew Calvo | 4 comments | Continued
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iStar Financial Takes Over Asbury Partners

I’ve written about Asbury Park’s redevelopment in the past, because of my personal attachment to the town I grew up in (even if it wasn’t the greatest place for a kid to ride his bike around the block). Asbury Park always seems to be on its way to a renaissance, and then some external factor comes and sets it back a few years.

I’ve just learned that Asbury Partners, the Master Developer of the town has essentially been foreclosed upon by its lender: iStar Financial. With that, iStar is taking over the Master Developer designation. Sounds great right?

Well – unless I’m mistaken.. iStar is a real estate finance company. Not a developer.

Nov. 26, 2009 | Andrew Calvo | 0 comments | Continued
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B.R. Guest & Starwood Capital Open the Post Card Inn on the Beach

B.R. Guest & Starwood Capital (with Starwood being a behind the scenes player) have opened up the Post Card Inn on the Beach in St. Petes Beach, Florida. This is a surfing, beached themed hotel in a converted TravelLodge which is going after the budget conscious vacationer.

Will this be a new hotel brand for B.R. Guest (and Starwood Capital) or will this be a single location with a great theme?

Read on..

Nov. 19, 2009 | Andrew Calvo | 0 comments | Continued
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Marriott Creates “The Autograph Collection”

Marriott has announced a new “brand” called the Autograph Collection which will be made up of individual hotels keeping their own unique identity – but having the power of the Marriott affiliation behind them.

Nov. 14, 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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Starwood Capital Shows Interest In Extended Stay Hotels

Its been awhile since if written anything – but I think its time to start up again.
Today’s big story (in my mind at least) is a Wall Street Journal article today that brought to light Starwood Capital’s new found interest in the Extended Stay bankruptcy battle. (I’m writing this directly from my blackberry so I [...]

Sep. 30, 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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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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Robert FX Sillerman Admits Defeat

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.

Jul. 30, 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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