Hotels Send Mixed Signals for 2017
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UNITED STATES BANKRUPTCY COURT for the DISTRICT of DELAWARE in Re: : : Chapter 11 TROPICANA ENTERTAINMENT, LLC, Et Al.,1 : : Ca
UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: : : Chapter 11 TROPICANA ENTERTAINMENT, LLC, et al.,1 : : Case No. 08-10856 (KJC) Debtors. : (Jointly Administered) _________________________________________ : LIGHTSWAY LITIGATION SERVICES, LLC, : as TRUSTEE of TROPICANA LITIGATION : TRUST. : Plaintiffs, : v. : Adv. Proc. No. 10-50289 (KJC) : (D.I. 193) WILLIAM J. YUNG, : WIMAR TAHOE CORP., f/k/a TROPICANA : CASINO and RESORTS, INC., and : COLUMBIA SUSSEX CORPORATION, : Defendants. : _________________________________________ MEMORANDUM OPINION DENYING MOTION FOR SUMMARY JUDGMENT BY: KEVIN J. CAREY, UNITED STATES BANKRUPTCY JUDGE 1 On May 5, 2008, Tropicana Entertainment LLC and the following related entities filed chapter 11 petitions in this Court: Adamar Garage Corporation; Adamar of Nevada Corporation; Argosy of Louisiana, Inc.; Atlantic-Deauville, Inc.; Aztar Corporation; Aztar Development Corporation; Aztar Indiana Gaming Company, LLC; Aztar Indiana Gaming Corporation; Aztar Missouri Gaming Corporation; Aztar Riverboat Holding Company, LLC; Catfish Queen Partnership in Commendam; Centroplex Centre Convention Hotel, L.L.C.; Columbia Properties Laughlin, LLC; Columbia Properties Tahoe, LLC; Columbia Properties Vicksburg, LLC; CP Baton Rouge Casino, LLC; CP Laughlin Realty, LLC; Hotel Ramada of Nevada Corporation; Jazz Enterprises, Inc.; JMBS Casino LLC; Ramada New Jersey Holdings Corporation; Ramada New Jersey, Inc.; St. Louis Riverboat Entertainment, Inc.; Tahoe Horizon, LLC; Tropicana Development Company, LLC; Tropicana Enterprises; Tropicana Entertainment Holdings, LLC; Tropicana Entertainment Intermediate Holdings, LLC; Tropicana Express, Inc.; Tropicana Finance Corp.; Tropicana Las Vegas Holdings, LLC; Tropicana Las Vegas Resort and Casino, LLC; and Tropicana Real Estate Company, LLC (collectively, the “Debtors”). On May 6, 2008, this Court entered an Order Directing Joint Administration of Cases. See D.I. -
EDC Will Restructure to Lobby Legally Fat Lady?
20120716-NEWS--0001-NAT-CCI-CN_-- 7/13/2012 7:12 PM Page 1 IAN SCHRAGER HAS SOME NEW IDEAS HE’D LIKE TO SHARE PAGE 3 CRAIN’S® NEW YORK BUSINESS VOL. XXVIII, NO. 29 WWW.CRAINSNEWYORK.COM JULY 16-22, 2012 PRICE: $3.00 WEISS WORK—AND THEY EDC will CAN GET IT: Flintlock Construction’s Andrew Weiss (crouching, left) and restructure brother Stephen Weiss (right) have nine 20-story- plus building projects in Manhattan. to lobby legally Despite probe, city concludes projects don’t get built without help from friends BY DANIEL MASSEY After its illegal lobbying led to a settle- ment earlier this month with the state attorney general, the city’s Economic Development Corp. is not giving up trying to influence legislative decisions surrounding land use.Quite the oppo- site: It is restructuring so that its lob- bying activities will no longer be against the law. Attorney General Eric Schneider- man found that EDC illegally lobbied the City Council to win approval of its Willets Point and Coney Island redevel- opment projects.It also played a behind- the-scenes role in the illegal lobbying of two nonprofit organizations. See EDC on Page 22 Fat lady? She’ll have to wait buck ennis The Outsiders New York City Opera How the Weiss brothers built NY’s dominant nonunion contractor stages a dramatic financial turnaround into the earth on West 42nd Street, digging a er might seem to be no big deal.But all three ho- BY DANIEL MASSEY hole for a 37-story hotel. Just to the south, on tels are being built by Flintlock Construction BY MIRIAM KREININ SOUCCAR West 30th Street, workers unloaded steel rods Services—and all three are being built using Last month, a boom truck lifted hundreds of that will reinforce the concrete structure of what nonunion labor. -
WARN Report Summary by Received Date 07/01/2019 - 06/30/2020 State Fiscal Year No
WARN Report Summary by Received Date 07/01/2019 - 06/30/2020 State Fiscal Year No. Of Notice Date Effective Date Received Date Company City County Employees Layoff/Closure 06/10/2020 06/09/2020 06/30/2020 Harbor Bay Club, Inc Alameda Alameda County 80 Layoff Temporary 03/20/2020 03/20/2020 06/30/2020 MD2 Industries, LLC Long Beach Los Angeles County 109 Closure Temporary 06/30/2020 08/21/2020 06/30/2020 NBCUniversal Media, LLC - Digital Lab Unit Universal City Los Angeles County 28 Layoff Temporary 04/22/2020 06/22/2020 06/30/2020 House of Blues Anaheim Anaheim Orange County 8 Closure Temporary 06/29/2020 08/01/2020 06/30/2020 ADESA California, LLC dba ADESA/AFC Los Mira Loma Riverside County 71 Layoff Permanent Angeles 06/17/2020 06/17/2020 06/30/2020 K&N Engineering, Inc. Riverside Riverside County 44 Layoff Permanent 06/29/2020 07/28/2020 06/30/2020 Benchmark Arrowhead, LLC dba Lake Lake Arrowhead San Bernardino County 114 Layoff Permanent Arrowhead Resort and Spa 06/18/2020 07/06/2020 06/30/2020 HOWMET Aerospace Fontana San Bernardino County 75 Layoff Temporary 06/18/2020 06/16/2020 06/30/2020 Bahia Resort Hotel San Diego San Diego County 47 Layoff Permanent 06/18/2020 06/16/2020 06/30/2020 Catamaran Resort Hotel and Spa San Diego San Diego County 46 Layoff Permanent 06/18/2020 06/16/2020 06/30/2020 The Lodge Torrey Pines La Jolla San Diego County 84 Layoff Permanent 06/18/2020 06/18/2020 06/30/2020 Bahia Resort Hotel San Diego San Diego County 33 Layoff Temporary 06/18/2020 06/18/2020 06/30/2020 Catamaran Resort Hotel and Spa San Diego San Diego County 33 Layoff Temporary 06/18/2020 06/18/2020 06/30/2020 The Lodge Torrey Pines La Jolla San Diego County 37 Layoff Temporary 06/08/2020 03/30/2020 06/30/2020 SmartCareMD Escondido San Diego County 38 Layoff Permanent 06/29/2020 08/31/2020 06/30/2020 Stryker Employment Company Menlo Park San Mateo County 33 Layoff Permanent 06/29/2020 08/29/2020 06/30/2020 Nitto, Inc. -
Retail Mid-Q2 2019
Manhattan Retail Market MID-2ND QUARTER 2019 REPORT Pictured: 915 Broadway Shops & Restaurants at Hudson Yards Shops & Restaurants at Hudson Yards Makes its Far West Side Debut Opening day arrived on Friday, March 15th for the highly anticipated 7-story, 1 million-square-foot retail center within the multi-building Hudson Yards complex. Anchored by Neiman Marcus, which has made its New York City debut in the 3-story, 250,000-square-foot space the Dallas, TX-based high-end department store leased back in 2014, the vertical mall adds a wide variety of retailers and food offerings to the burgeoning Far West Side neighborhood. Developed by Related Companies and Oxford Properties Group, the retail component that straddles the 10 and 30 Hudson Yards offi ce towers sits along 10th Avenue between West 30th and 33rd Streets. About 90% leased at opening, there are 100 stores and 25 restaurants from fast-casual to fi ne dining spread throughout, with several of the restaurants operated by well-known chefs including the 35,000-square-foot Mercado Little Spain, a Spanish-themed foot court operated by chef José Andrés located in the base of 10 Hudson Yards; as well as the casual all-day restaurant Cedric’s at the Shed by Danny Meyer’s Union Square Hospitality Group that opened in April within the arts and culture venue. In addition the entire 2nd fl oor dubbed Floor of Discovery is an experimental concept that offers a mix of “fi rst locations for digitally native brands and experiential shopping offerings from modern brands;” while the permanent Snark Park exhibition space operated by design studio Snarkitecture will feature a rotating schedule of design environments and unique retail experiences. -
We Are America's Travel Industry, A
The Honorable Mitch McConnell The Honorable Nancy Pelosi Majority Leader Speaker of the House of Representatives United States Senate United States House of Representatives Washington, DC 20510 Washington, DC 20510 The Honorable Charles Schumer The Honorable Kevin McCarthy Minority Leader Minority Leader United States Senate United States House of Representatives Washington, DC 20510 Washington, DC 20510 March 20, 2020 Dear Leader McConnell, Leader Schumer, Speaker Pelosi, and Leader McCarthy: We are America’s travel industry, an economic sector that directly employs 9 million American workers and supports a total of 15.8 million jobs. The travel and tourism industry—including but not limited to transportation, lodging, recreation and entertainment, food and beverage, meetings, conferences and business events, travel advisors, destination marketers—is comprised of businesses of all sizes, but the vast majority, 83%, are small businesses. Together we are grappling with the immediate and devastating impact of the current health crisis. Furloughs of American travel workers are happening right now. Travel to and within the United States has essentially ground to a stop due to the actions needed to halt the spread of coronavirus. Aggressive financial relief is needed immediately. Taking care of our employees will always be our top priority, but the hard fact is we cannot continue supporting them through this disaster without relief. To that end, we greatly appreciate and strongly support provisions in the ‘‘Coronavirus Aid, Relief, and Economic Security Act’’ that provide: • $300 billion for enhanced Small Business Administration (SBA) loans distributed through an expedited process and can be partially forgiven for employee retention; and • Tax relief to mitigate economic losses, including deferral of tax liability, extension of the Net Operating Loss deduction, and delay of estimated tax payments. -
UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT of NEW YORK : in Re: : Chapter 11 : 1141 REALTY OWNER LLC, Et Al., : Case No
18-12341-smb Doc 36 Filed 09/05/18 Entered 09/05/18 10:47:47 Main Document Pg 1 of 217 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK : In re: : Chapter 11 : 1141 REALTY OWNER LLC, et al., : Case No. 18-12341 (SMB) : : Jointly Administered Debtors. : : DECLARATION OF EDWARD R. ESCHMANN IN FURTHER SUPPORT OF DEBTORS’ MOTION FOR ENTRY OF INTERIM AND FINAL ORDERS AUTHORIZING THE DEBTORS TO OBTAIN POST-PETITION, PRIMING, SENIOR SECURED, SUPERPRIORITY FINANCING PURSUANT TO 11 U.S.C. §§ 105, 362, 364(c) AND 364(d), BANKRUPTCY RULE 4001(c) AND LOCAL BANKRUPTCY RULE 4001-2 Edward R. Eschmann, MAI, declares as follows pursuant to 28 U.S.C. § 1746: 1. I am a Director of the Valuation and Advisory Hospitality and Gaming Group of CBRE, Inc. (“CBRE”) in New York City, where I have been employed since 2000. 2. I have more than thirty-four (34) years’ experience of valuation and consulting experience throughout the United States, Puerto Rico and the Americas. I am a designated Member of the Appraisal Institute and Royal Institution of Chartered Surveyors and a Certified General Real Estate Appraiser in the states of New York and New Jersey and have held licenses in other jurisdictions including Connecticut, Vermont, Illinois, Washington, DC and Pennsylvania. I have a Bachelor of Science degree from the University of Massachusetts, Amherst. 3. Since 2006, I have specialized in the hospitality asset class and have been the director of the Tri-State Hospitality Group of CBRE in New York City covering the New York, New Jersey and Connecticut region. -
2007 Manhattan Hotel Market Overview Page 1 of 28
HVS Hospitality Services : 2007 Manhattan Hotel Market Overview Page 1 of 28 Manhattan Hotel Market Overview HVS Hospitality Services, in cooperation with New York University's Preston Robert Tisch Center for Hospitality, Tourism, and Sports Management, is pleased to present the tenth annual Manhattan Hotel Market Overview. A slight uptick in Manhattan’s occupancy level in 2006 led to a record high of 85.0%. Despite a virtually stable occupancy, the Manhattan lodging market registered a 13.4% increase in RevPAR compared to 2005, continuing its impressive performance. The market’s RevPAR gain was supported by double-digit growth in average rate each month of the year, with the exception of December, causing year-end 2006 average rate to exceed the 2005 level by 13.2%. The high rates registered by the Manhattan lodging market were caused primarily by continued strong demand levels in 2006, allowing hotel operators to be more selective with lower-rated demand and increasingly boost rates, thereby accommodating greater numbers of higher-rated travelers. We note that the market’s overall occupancy level of 85.0% in 2006 highlights the underlying strength of the Manhattan market, which continued to operate at near-maximum-capacity levels. Because of a further decline in supply in 2006, the market continued to experience many sell-out nights, causing a significant amount of demand to remain unaccommodated. Given the larger-than-ever construction pipeline in Manhattan, a substantial portion of previously unaccommodated demand is expected to be accommodated in the future. Manhattan’s marketwide occupancy and average rate both achieved new record levels in 2006, and we expect the positive trend to continue in 2007. -
Manhattan Hotel Market Overview 1
Manhattan Hotel Market Overview HVS Global Hospitality Services, in cooperation with New York University’s Preston Robert Tisch Center for Hospitality, Tourism, and Sports Management, is pleased to present the eleventh annual Manhattan Hotel Market Overview. Stephen Rushmore President & Founder, HVS Global Hospitality Services In 2007, Manhattan was once again the Number One U.S. lodging market in terms of RevPAR performance. For the fourth consecutive year, RevPAR recorded double-digit growth in 2007, climbing 14.3%, indicative of the continued strength of the Manhattan lodging market. At roundly 87%, occupancy reached its highest level since 1987. This high occupancy also suggests a significant amount of unaccommodated demand in Manhattan, which is expected to be accommodated by the vast number of new hotels proposed for the city in the next three to four years. Considering the current climate, HVS forecasts a soft landing for the Manhattan market, with minor declines in occupancy and softer average rate growth in the near term. In 2007, the volume of hotel sales in Manhattan soared to over $2.0 billion, excluding the sale of the Hilton New York and the Waldorf=Astoria as part of the Hilton acquisition by Blackstone. This volume was driven by the emergence of overseas players such as Istithmar Hotels, which set a new record through the transfer of interest in the Mandarin Oriental for roundly $1.4 million per key in February 2007. Overall, we anticipate that overseas hotel companies will capitalize on the weak dollar to further establish or expand their presence in the U.S., causing hotel values to remain strong. -
Top Hotel Deals Feb-Mar 2021.Cdr
THE VENETIAN, LAS VEGAS MIYAKO HOTEL KYOTO TOP HOTEL DEALS ISSUE 3- FEB & MAR 2021 GRAND HOTEL DE LA MINERVE, ROME PRIMUS HOTEL, SYDNEY Saurabh Gupta, MRICS Managing Partner Transactions Advisory - Hotelivate The months of February and March 2021 witnessed high transaction dollar volume due to two mega transactions totalling $12.5B in the United Sates. These are being seen as bright spots in an otherwise bleeding hospitality industry. Distress deals seem to be happening quietly wherever loan EXTENDED STAY AMERICA VILLA KENNEDY HOTEL, FRANKFURT defaults and foreclosures have made the pain rather unbearable. Additionally, a portfolio deal in Japan and multiple smaller hotel transactions across continental Europe signal the continued attractiveness of travel industry in the eyes of global investment community. HYATT REGENCY, AUSTIN THE WATSON HOTEL, NEW YORK February and March 2021 Buyer Deal Size Keys Price/Key Asset/ Portfolio Seller (in USD Mil) (in USD Mil) Extended Stay America ESA Corp. + ESH REIT Blackstone + Starwood Capital 6,000 69,400 0.09 The Venetian Resort + Sands Convention Centre, Las Vegas, US Sands Corp Vici Properties 6,250 7,000 0.89 Manhattan Hotels Portfolio, NY, US Cindat + Hersha Hotels Mack RE Group 316.0 1,087 0.29 5 Omni Hotels, US TRT Holdings Undisclosed 150 1,729 0.09 8 Hotels Portfolio, Japan Kintetsu Group Holdings Blackstone 390 2,294 0.17 Crowne Plaza, Orlando, US Universal Towers Construction Monarch Alternative Capital 35.7 400 0.09 Kimpton Sir Francis Drake Hotel, US Pebblebrook REIT Undisclosed 157.6 -
WIPO Overview of WIPO Panel Views on Selected UDRP Questions, Third Edition (“WIPO Overview 3.0”)
WIPO Overview of WIPO Panel Views on Selected UDRP Questions, Third Edition (“WIPO Overview 3.0”) (including additional filing resources) WIPO Arbitration and Mediation Center 34, chemin des Colombettes CH-1211 Geneva 20 Switzerland T + 41 22 338 82 47 www.wipo.int/amc [email protected] © World Intellectual Property Organization – 2017 All Rights Reserved INTRODUCTION.............................................................................................................. 3 FIRST UDRP ELEMENT ............................................................................................... 11 SECOND UDRP ELEMENT.......................................................................................... 33 THIRD UDRP ELEMENT .............................................................................................. 55 PROCEDURAL QUESTIONS ....................................................................................... 81 WIPO LEGAL INDEX OF WIPO UDRP PANEL DECISIONS.................................. 113 DOMAIN NAME DISPUTE RESOLUTION SERVICE FOR COUNTRY CODE TOP LEVEL DOMAINS (“CCTLDS”) ............................................................ 125 UNIFORM DOMAIN NAME DISPUTE RESOLUTION POLICY (“UDRP”)............. 129 RULES FOR UNIFORM DOMAIN NAME DISPUTE RESOLUTION POLICY (“RULES”) .................................................................................................... 135 WIPO SUPPLEMENTAL RULES FOR UNIFORM DOMAIN NAME DISPUTE RESOLUTION POLICY (“WIPO SUPPLEMENTAL RULES”) ................................ 149 -
Hotel Inventory Q3 2020
Lower Manhattan Hotel Inventory October 2020 Source: Downtown Alliance Year Hotel Class/ Meeting Name Location Rooms Owner/ Developer Open Status Space (SF) Existing Hotels (South of Chambers Street): 1 Millennium Hilton New York Downtown 55 Church Street 569 1992 Upper Upscale ( 3,550) 2 New York Marriott Downtown 85 West Street 515 1994 Host Hotels & Resorts Upper Upscale ( 20,220) 3 Radisson Wall Street 52 William Street 289 1995 McSam Hotel Group Upper Upscale ( 5,451) 4 Wall Street Inn 9 South William Street 46 1999 Independent ( 580) 5 The Wagner Hotel at the Battery 2 West Street 298 2002 Highgate Luxury ( 12,956) 6 Conrad New York Downtown 102 North End Avenue 463 2004 Goldman Sachs Luxury ( 17,571) 7 Eurostars Wall Street Hotel 129 Front Street 54 2006 Independent ( - ) 8 Hampton Inn Manhattan-Seaport-Financial District 320 Pearl Street 65 2006 Metro One Hotel LLC Upper Midscale ( - ) 9 Gild Hall – a Thompson Hotel 15 Gold Street 130 2007 LaSalle Hotel Properties Luxury ( 4,675) 10 Holiday Inn New York City – Wall Street 51 Nassau Street 113 2008 Metro One Hotel LLC Upper Midscale ( - ) 11 AKA Tribeca 85 West Broadway 100 2009 Tribeca Associates Luxury ( 3,000) 12 Club Quarters, World Trade Center 140 Washington Street 252 2009 Masterworks Dev Upper Upscale ( 5,451) 13 Andaz Wall Street 75 Wall Street 253 2010 The Hakimian Organization Luxury ( 10,500) 14 Holiday Inn Express New York City – Wall Street 126 Water Street 112 2010 Hersha Hospitality Upper Midscale ( - ) 15 World Center Hotel 144 Washington Street 169 2010 Masterworks -
Morgan Stanley Capital I Trust 2019-H6 Form FWP Filed 2019-05-29
SECURITIES AND EXCHANGE COMMISSION FORM FWP Filing under Securities Act Rules 163/433 of free writing prospectuses Filing Date: 2019-05-29 SEC Accession No. 0001539497-19-000861 (HTML Version on secdatabase.com) SUBJECT COMPANY Morgan Stanley Capital I Trust 2019-H6 Mailing Address Business Address 1585 BROADWAY 1585 BROADWAY CIK:1773339| State of Incorp.:DE NEW YORK NY 10036 NEW YORK NY 10036 Type: FWP | Act: 34 | File No.: 333-227446-04 | Film No.: 19861984 212-761-4000 SIC: 6189 Asset-backed securities FILED BY Morgan Stanley Capital I Inc. Mailing Address Business Address 1585 BROADWAY 1585 BROADWAY CIK:1547361| IRS No.: 133291626 | State of Incorp.:DE NEW YORK NY 10036 NEW YORK NY 10036 Type: FWP 212-761-4000 SIC: 6189 Asset-backed securities Copyright © 2019 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: 333-227446-04 MSC 2019-H6 Free Writing Prospectus Structural and Collateral Term Sheet $686,832,759 (Approximate Total Mortgage Pool Balance) $601,837,000 (Approximate Offered Certificates) Morgan Stanley Capital I Inc. as Depositor Morgan Stanley Mortgage Capital Holdings LLC Argentic Real Estate Finance LLC Cantor Commercial Real Estate Lending, L.P. Starwood Mortgage Capital LLC as Sponsors and Mortgage Loan Sellers Commercial Mortgage Pass-Through Certificates Series 2019-H6 May 29, 2019 MORGAN STANLEY Cantor Fitzgerald & Co. Co-Lead Bookrunning Manager Co-Lead Bookrunning Manager Bancroft Capital, LLC Co-Manager STATEMENT REGARDING THIS FREE WRITING PROSPECTUS The depositor has filed a registration statement (including a prospectus) with the SEC (File No.