Slate Property Group and nonprofit Breaking Ground have completed the $255-million acquisition of the Stewart Hotel at 371 Seventh Ave., across from New York Penn Station in Midtown Manhattan. A hotel-to-residential conversion project to deliver... Read more »
CommLoan has structured $195 million in financing with Bank of America for the Kali Hotel at E. Stanley Kroenke’s Hollywood Park in Inglewood. The luxury property is the only hotel permitted within the 300-acre mixed-use... Read more »
Leyad, a real estate investment firm based in Canada, has acquired the Ink48 Hotel in Midtown Manhattan’s Hell’s Kitchen neighborhood in a 50/50 joint venture with locally based private equity firm Capstone Equities.... Read more »
The former Ace Hotel in downtown Los Angeles, which helped lead an economic revival on a historic stretch of Broadway a decade ago, has reopened as a minimal-service operation akin to Airbnb,... Read more »
Loose slots will take on a different meaning in the final week of the landmark Mirage Hotel & Casino. Before the 34-year-old Las Vegas Strip institution permanently shuts its doors on July... Read more »
The hotel is reestablishing itself as the city’s priciest hotel, with rates reaching $80,000 per night for its opulent Ty Warner penthouse suite, the “New York Post” reported Thursday. Whether it’s refining... Read more »
KPC Development Company has launched Kali Hotel and Rooftop, Autograph Collection, a lifestyle hotel at Hollywood Park in Inglewood. Located at 3737 Stadium Dr., the 300-key hotel reportedly is the only hotel permitted within the... Read more »
Sixty Collective keeps collecting extensions on a $38 million loan tied to its Sixty Beverly Hills hotel. The New York-based hospitality firm run by brothers Jason, Larry and Michael Pomeranc secured its... Read more »
Shopoff Realty Investments got the nod to build 250 homes and a 215-room boutique hotel atop a former oil tank farm in Huntington Beach. The Irvine-based developer led by Bill Shopoff was... Read more »