CHICAGO - Montgomery Ward's decision to shut its doors may have been a gloomy way to ring in the New Year, but retail analysts and owners alike say the news isn't necessarily bad for the industry...
Construction has begun on the $143 million Charlotte Westin, a 700-room hotel that will be located across from the Charlotte Convention Center. Developed and owned by Atlanta-based Portman Holdings, the hotel is...
Starwood Hotels and Resorts Worldwide Inc. is putting its Ciga Hotels portfolio in Europe up for sale, and the 25 hotels may bring in as much as $1.5 billion. The hotels are located in Italy, Spain, Austria and...
The first phase of the $80 million Fairfield Grand Desert Resort is scheduled to open in Las Vegas in May 2001. Featuring a 184-unit timeshare tower and a 420-unit hotel, the resort is under construction on a seven...
With the economy showing signs of slowing, New York-based Bear Searns & Co. Inc. is downgrading its forecast for the hotel industry and lowering investment ratings on six major hotel companies...
Bank One and Westdeutsche Landesbank Girozentrale, have agreed to provide $104 million in financing for the 33-story, 512-room Westin Hotel in San Diego's 26-block Ballpark Redevelopment District. Slated for...
In March 2001, Orlando, Fla., will have a European-style hotel in the heart of downtown. The 250-room Westin Grand Bohemian Hotel will be a four-star, Austrian-themed hotel featuring a classic art collection and an...
In recent years, mega-resorts such as Bellagio, Paris and the Venetian have been wowing visitors to Las Vegas. Atlantic City is next in line. Boyd Gaming Corp. and MGM Mirage, both of Las Vegas, are teaming up to...
Charlotte-based Banc of America Securities LLC (BAS) has secured a $200 million loan to finance two newly constructed hotels in New York City. The loan to Cleveland-based Forest City Ratner Cos. (FCRC), an affiliate...
Fidelity Investments has replaced New York-based Goldman Sachs & Co. as the largest foreign manager of Japanese investment trusts. As of August, Goldman Sachs had $6.4 billion in Japanese assets in investment...
