Full House Resorts (AMEX: FLL) announced today a favorable court decision in the last remaining lawsuit related to its casino development project with the Nottawaseppi Huron Band of Potawatomi in the Battle Creek, Michigan area.
Property Marks Third Acquisition for Growing Hotel Investment Company
Shangri-La Hotels and Resorts has signed a long-term lease agreement with BAI Bauträger Austria Immobilien GmbH, the development and management arm of the Immobilien Holding Group, for the Shangri-La Hotel, Vienna, opening late-2009.
Blackstone, the real estate investment fund, has just signed a takeover agreement for Hilton Hotels Corporation, totalling more than 2,800 properties and 480,000 rooms in the Hilton family of brands.
Accor announced it is acquiring, for 69 million euros, the Amorim Group's 50% stake in the joint venture the two companies created in 1997 to develop and operate hotels in Portugal.
Pan Pacific Hotels and Resorts Geared For Growth As Part Of UOL Group
Starwood Hotels & Resorts Worldwide, Inc.(R) (NYSE:HOT) announced today the groundbreaking of its first aloft hotel in Canada, aloft Montreal Airport.
Hersha Hospitality Trust (AMEX: HT), owner of nationally franchised premium full service and limited service hotels, today announced several transactions in the metro New York City market. On June 1, the Company finalized the acquisition of the newly opened 70-room Hotel 373, located at 373 Fifth Avenue at 35th Street, in midtown Manhattan for $28.0 million.
It will cost a lot for either side to walk away from Blackstone Group's (BX) acquisition of Hilton Hotels (HLT), which will marry one of the most successful names in private equity with one of the most widely recognized brands in the hospitality world.
Hilton Hotels Corporation to Be Acquired by Blackstone Investment Funds