JHM Hotels, Inc. has purchased the Hyatt Regency Greenville, located at 220 N. Main St. in Greenville, SC from Hyatt Hotels Corporation for an estimated $13.725 million, or $41,800 per key.
The six-story, 328-room, 444,150-square-foot hospitality building was delivered in 1984 on four acres in the Greenville Central Business District at Route 183.
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Thursday, December 2, 2010
Channings and The Howard in Edinburgh put up for sale
One of Scotland's leading hoteliers has put up for sale the first properties he bought when he founded the boutique Town House chain, The Scotsman can reval. Both Channings and The Howard in Edinburgh have gone on the market just months after Peter Taylor finished work on a troubled five-star hotel in Glasgow.
The asking price for the two Town House hotels has not been disclosed, although they are expected to command several million pounds each. They are being marketed privately, and Mr Taylor has revealed they have already attracted significant interest.
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The asking price for the two Town House hotels has not been disclosed, although they are expected to command several million pounds each. They are being marketed privately, and Mr Taylor has revealed they have already attracted significant interest.
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Pocmont Hotel Corp files for bankruptcy liquidation
Weeks after a New Jersey group bought a closed Poconos resort, the hotel's former corporate parent filed for bankruptcy liquidation protection.
Pocmont Hotels Corp., which operated Pocmont resort in Bushkill for decades until it closed abruptly in November 2009, filed recently for Chapter 7 liquidation protection in U.S. Bankruptcy Court for the Middle District of Pennsylvania.
In October, an investment group headed by a New Jersey caterer bought the 155-acre property from a division of First National Community Bank of Dunmore for $2 million.
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Pocmont Hotels Corp., which operated Pocmont resort in Bushkill for decades until it closed abruptly in November 2009, filed recently for Chapter 7 liquidation protection in U.S. Bankruptcy Court for the Middle District of Pennsylvania.
In October, an investment group headed by a New Jersey caterer bought the 155-acre property from a division of First National Community Bank of Dunmore for $2 million.
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Biltmore Hotel To Receive $1.5 Million In Bond Money For Restoration
When Miami-Dade voters approved a $2.9 billion general obligation bond program six years ago, the Biltmore Hotel in Coral Gables was not among the list of projects slated to receive funds. Today, county Commissioner Rebeca Sosa aims to change that. She is sponsoring a resolution on the December 7 county commission agenda that would grant $1.5 million in bond money to pay for the Biltmore Hotel's restoration.
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Former Delray Beach hotel manager charged with grand theft
DELRAY BEACH — A 39-year-old hotel manager was charged Tuesday with grand theft and organized scheme to defraud after she took the meaning of customer service to another level.
Britt Stefanowicz began working at the Residence Inn on Atlantic Avenue in 2003, a Delray Beach police report says. She became general manager of the hotel about three years ago and started conducting fraudulent transactions to help a guest not have to pay his balance throughout 2009.
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Britt Stefanowicz began working at the Residence Inn on Atlantic Avenue in 2003, a Delray Beach police report says. She became general manager of the hotel about three years ago and started conducting fraudulent transactions to help a guest not have to pay his balance throughout 2009.
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Shanghai's Housing Rents, Hotel Rates Fall Up to 50% After World Expo Ends
Shanghai’s apartment rents and hotel room rates near the World Expo site fell as much as half as China’s biggest international event this year ended.
Rents on a two-bedroom apartment in the neighborhood, which fetched from 6,000 yuan ($900) to 10,000 yuan a month during the showcase that ended Oct. 31, have fallen 50 percent, said Chen Yi, manager of the Expo branch of Centaline Property Agency Ltd. Hotel rates declined as much as 47 percent last month from October, according to Qunar, China’s largest travel website tracking the city’s 2,000 hotels.
President of RAI Hotel Acquisition, Inc., charged with fraud
(Hospitality Business News) NEW YORK December 2 2010 - The President of RAI Hotel Acquisition, Inc., ("RAI, Inc."), was arrested and charged with securities fraud, wire fraud, and mail fraud in connection with a $1.5 million scheme in which Robert McDonald falsely told an investor that the investor’s funds would be used towards the purchase of more than $100 million worth of hotels. Instead, McDonald spent the investor’s funds on, among other things, a variety of personal expenses. McDonald was arrested Wednesday morning in Brooklyn, and appeared before a U.S. Magistrate in Manhattan federal court.
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Mass Mutal puts 6 hotels up for sale
Three San Diego hotels that fell into foreclosure earlier this year are now up for sale as part of a portfolio of six bank-owned properties located in Southern California and Utah. The three local hotels -- the Courtyard by Marriott San Diego and Holiday Inn Express San Diego, both in Old Town, and the Holiday Inn in downtown San Diego -- account for a little more than 500 rooms out of the 1,245 being marketed for sale.
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