It's a sign of the times for South Florida real estate: The unfinished condo-hotel on Fort Lauderdale beach once linked to titan Donald Trump is scheduled to be sold March 14 at a foreclosure auction.
Broward County Circuit Court has ordered the auction in a foreclosure judgment filed against the developer, SB Hotel Associates of New York, by the loan holder, Corus Construction Venture of Chicago.
SB Hotel owes Corus Venture $140.6 million in principal and $25 million in...
After acquiring New York City’s Clock Tower building at 5 Madison Ave. in 2007 for $200 million, Africa Israel USA has sold the property to Marriott International for $165 million. The building, also known by its full name of The Metropolitan Life Insurance Company Tower, was constructed in 1909 and served as the world headquarters of the insurance firm until 2005.
The hotel chain plans to make the building its first location of the Edition brand, which was described as “a new luxury...
Brookfield Asset Management Inc. has canceled a deal to take control of the huge Atlantis resort in the Bahamas and two other resorts from Kerzner International Holdings Ltd. after other creditors obtained a court ruling delaying the deal.
Brookfield's decision to walk away from the deal...
A New York business woman is suing Starwood Hotels and Resorts Worldwide, claiming staff at one of their hotels gave her room key to a drunken man who allegedly sexually assaulted her in her bed.
Alison Fournier announced the suit today at a news conference with women's rights lawyer Gloria Allred.
According to the suit, Fournier was in her locked room in Hotel Kämp, a hotel operated by Starwood Hotels in Helsinki, Finland, on the night of Jan. 15, 2011 when she was sexually...
Houston-based Landry’s Inc. moved quickly to trim McCormick & Schmick's Seafood Restaurants Inc.
Landry’s closed a $131 million deal to acquire the Portland restaurant chain Tuesday and quickly moved to terminate executives including CEO Bill Freeman, co-founder William McCormick and others.
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LONDON (MarketWatch) -- InterContinental Hotels Group PLC IHG -0.22% Wednesday said it will launch a new upscale hotel chain in China in the next six months and eventually export the brand across the booming economies...
On its Web site, the Millennium Broadway Hotel says “everyone receives star treatment.” But one longtime employee said he was treated just the opposite, claiming that he was the victim of a long campaign of racial harassment that the hotel did nothing to stop.
Freddrick MacMillan, who has worked at the hotel in various capacities since 1990, sued in Federal District Court in Manhattan in 2009, saying he had been subjected to a hostile environment.
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McDonald’s is the 800-pound gorilla of fast food. The $100 billion company turned quick-service restaurants into a science, has over 33,000 locations worldwide and is a heavyweight in breakfast and beverage sales in addition to selling burgers and fries.
It’s a nearly impossible task to knock No. 1 McDonald’s from its perch. So that’s why fast-food restaurant Wendy’s is instead focused on the No. 2 spot — and according to reports, has dethroned Burger...
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