Five Oahu hotels are now being sued over accusations they failed to pass on food and beverage service charges to employees who worked at events.
The suits potentially involve hundreds of hotel workers and potentially thousands of customers who paid for events like wedding receptions and banquets.
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Sunday, January 17, 2010
Four Seasons Resort in Irving Texas is posted for foreclosure
One of the Dallas area's most exclusive hotel properties is facing a possible foreclosure.
Lenders have filed to foreclose on the Four Seasons Resort and Club Dallas at Las Colinas, a 400-acre hotel, spa and golf club in Irving.
The more than 400-room hotel is one of the state's top-rated accommodations and hosts the annual HP Byron Nelson Championship golf tournament.
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Lenders have filed to foreclose on the Four Seasons Resort and Club Dallas at Las Colinas, a 400-acre hotel, spa and golf club in Irving.
The more than 400-room hotel is one of the state's top-rated accommodations and hosts the annual HP Byron Nelson Championship golf tournament.
Read more:
Mayflower Looks to Restructure Debt
The Renaissance Mayflower, an 85-year-old institution in Washington, is seeking some relief on its $200 million securitized mortgage.
The restructuring effort by owner Rockwood Capital LLC is a sign that real-estate investments are running into problems even in relatively healthy markets. Hotels in the nation's capital are doing better than their peers in many other cities. But the Mayflower isn't doing well enough to make up for the top-of-the-market price and debt that Rockwood put on the property
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The restructuring effort by owner Rockwood Capital LLC is a sign that real-estate investments are running into problems even in relatively healthy markets. Hotels in the nation's capital are doing better than their peers in many other cities. But the Mayflower isn't doing well enough to make up for the top-of-the-market price and debt that Rockwood put on the property
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Hotel Operator Buys Time
Starwood Capital Group has withdrawn its demand to end Extended Stay Inc.'s exclusive control over its bankruptcy case and indicated that it is now negotiating with the hotel operator.
In papers filed with the U.S. Bankruptcy Court in Manhattan, Starwood said it would no longer protest Extended Stay's request for an extension through May 3 to file its bankruptcy-exit plan.
Starwood revised its position after Extended Stay showed it would be more receptive to the investment firm's proposals for the company.
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In papers filed with the U.S. Bankruptcy Court in Manhattan, Starwood said it would no longer protest Extended Stay's request for an extension through May 3 to file its bankruptcy-exit plan.
Starwood revised its position after Extended Stay showed it would be more receptive to the investment firm's proposals for the company.
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