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How a Singaporean REIT’s mighty US hotel investment sunk
National Issue

How a Singaporean REIT’s mighty US hotel investment sunk

A retired British ocean liner. A decommissioned Soviet submarine. And now, a bankrupt Singaporean real estate investment trust. All...

How a Singaporean REIT’s mighty US hotel investment sunk
(iStock)
National

These hotel markets have entered a depression

Some U.S. hotel markets are in such bad shape that a recession would look good. Though leisure travel is...

These hotel markets have entered a depression
Hyatt Regency LAX and Southwest Regional Council of Carpenters CEO Dan Langford (Hyatt)

LAX Hyatt Regency changes hands for $75M

The Hyatt Regency at LAX Airport has been sold, and the new owner shouldn’t have any trouble finding help when there’s maintenance to be done — it’s a trust fund operated by a carpenters...

LAX Hyatt Regency changes hands for $75M
Starwood CEO Barry Sternlicht and Blackstone CEO Stephen Schwarzman (Getty)
National

Blackstone, Starwood up bid for Extended Stay America

Blackstone Group and Starwood Capital Group are once again trying to woo Extended Stay America’s shareholders. The two firms...

Blackstone, Starwood up bid for Extended Stay America
(Istock illustration by Alison Bushor)
Miami Issue

South Florida’s hotel conundrum

The lights are still dark at the Diplomat Beach Resort, a sprawling 1,000-room oceanfront hotel in South Florida. More than a year after the pandemic began, conventions and business travelers — the lifeblood of...

South Florida’s hotel conundrum
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