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Hotels Send Mixed Signals for 2017
Hotels Send Mixed Signals for 2017 hotel-online.com/press_releases/release/hotels-send-mixed-signals-for-2017 by Daniel Lesser NEW YORK CITY—To the surprise of many, the US lodging industry closed out 2016 with operating metrics still at record setting levels; however, its growth trajectory was notably lower when compared to years past. In general, occupancy levels have peaked and any short term RevPAR growth will be driven by increases to ADR. New supply of hotel rooms will continue to occur primarily in the Upper Midscale and Upscale chain scales. Of the nation’s top 25 markets, New York, Seattle, and Denver are experiencing double digit increases of new rooms under construction while eight other markets are currently slated for increases of five to eight percent of existing room supply. The LW Hospitality Advisors (LWHA) 2016 Major US Hotel Sales Survey includes 173 single asset sale transactions over $10 million, none of which are part of a portfolio. These transactions totaled roughly $12.7 billion, and included approximately 42,400 hotel rooms with an average sale price per room of $300,000. By comparison, the LWHA 2015 Major US Hotel Sales Survey identified 200 transactions totaling roughly $14.0 billion including 53,000 hotel rooms with an average sale price per room of nearly $265,000. Comparing 2016 with 2015, the number of trades decreased by 14 percent while total dollar volume declined roughly 9 percent and sales price per room increased by 13 percent. Interesting observations from the LWHA 2016 Major US Hotel Sales Survey include: -
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. -
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. -
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 -
Phippsco-Portofolio2018.Pdf
DESIGN TO BUILD Phipps & Co. is a design and manufacturing firm specializing in custom interior finishes, furniture, fixtures and architectural millwork for the residential, commercial and hospitality industry. Our mission is to open the gate of world class manufacturing. From Europe, Asia , North and South America to around the world, we hand pick our factories to satisfy the unique demands of our projects and clientele. We pride ourselves in being your partner from inception to creation. PHIPPS & CO HOTELS HUGO NEW YORK, NEW YORK Hotel Hugo embodies the contemporary luxury and bohemian chic that captivates visitors and residents of trendy Lower Manhattan. Hotel Hugo pays tribute to the storied history of Lower Manhattan and the area’s enduring art-meets-industrial edge. A new hotel in Soho, this sophisticated newcomer delights with its easy mix of Marcello Pozzi architecture, thoughtful amenities and modern Italian cuisine. PROJECT ENGAGEMENT Flooring, Vanities, Shower Enclosures, Stainless Steel Under-Mount Sinks, Bathroom Accessories, Developer: Fortuna Realty PHIPPS & CO PHIPPS & CO THE LUDLOW NEW YORK, NEW YORK Set in the Lower East Side, this chic boutique hotel is a 3-minute walk from the subway, 1 mile from Washington Square Park and 2 miles from the Empire State Building. Bright, modern rooms feature floor-to-ceiling windows and bathrooms offer soaking tubs and/or rainfall showers. Some rooms add Nespresso machines and sitting areas, plus city views and/or terraces or balconies; While the penthouse comes with a kitchen, dining and living area. There’s a trendy French bistro, a lobby bar and a garden patio. -
THOMAS LEESER, RA PRINCIPAL in CHARGE | Registered Architect State of New York, License #022510
THOMAS LEESER, RA PRINCIPAL IN CHARGE | Registered Architect State of New York, License #022510 Thomas Leeser is internationally known for his iconic architectural designs at all scales. As principal of his own firm for the past twenty five years, his passion for the fusion of emerging technologies and architecture has driven many of the firm’s award winning designs. Thomas’s commitment to architecture extends beyond practicing in the field. For the past twenty five years he has been an architecture professor at nine different universities. He is currently teaching at Columbia University, Cornell University, Harvard University, and Pratt Institute. In his teaching and professional work, Thomas explores his commitment to innovation and the advancement of the field of architecture. Thomas specializes in museums, theaters, broadcast and educational facilities. EDUCATION AWARDS Master of Architecture | 1985 2014 South East Asia Property Award for Best Commercial Architectural Design Technische Hochschule Darmstadt, Darmstadt, Germany EM Quartier, Bangkok, Thailand 2014 NYC MAS MASterworks Award for Neighborhood Catalyst Thesis Year Foreign Exchange Program | 1980 - 81 Strand Theater Renovation, Brookly, NY The Irwin S. Chanin School of Architecture at the Cooper Union, New York, New 2013 Red Dot Design Award for Architecture + Urban Design York Museum of the Moving Image, Astoria, NY 2011 Public Design Commission of the City of New York “Award for Excellence” Bachelor of Architecture | 1979 Museum of the Moving Image, Astoria, NY Technische -
Lower Manhattan Hotel Inventory February 2015 Source: Downtown Alliance
Lower Manhattan Hotel Inventory February 2015 Source: Downtown Alliance Year Name Location Floors Rooms Owner/ Developer Hotel Class/ Status Open Existing Hotels (South of Chambers Street): Millenium Hilton Hotel 55 Church Street 55 565 1992 Full Service Best Western Plus Seaport Inn 33 Peck Slip 5 72 1993 Economy/Limited Service NY Marriott Downtown 85 West Street 38 513 1994 Host Hotels & Resorts Full Service Club Quarters Downtown 52 William Street 15 289 1995 Membership Only Wall Street Inn 9 South William Street 7 46 1999 1,485 Boutique Conrad New York 102 North End Avenue 14 463 2004 Goldman Sachs Luxury Ritz Carlton Battery Park 2 West Street 39 298 2005 Luxury Eurostars Wall Street 129 Front Street 7 53 2006 Economy/Limited Service Hampton Inn - Seaport 320 Pearl Street 9 65 2006 Metro One Hotel LLC Economy/Limited Service Gild Hall 15 Gold Street 18 126 2007 LaSalle Hotel Properties Boutique Holiday Inn 51 Nassau Street 20 113 2008 Metro One Hotel LLC Economy/Limited Service Smyth Tribeca 85 West Broadway 14 100 2009 Tribeca Associates Boutique Club Quarters 130 Cedar Street 19 252 2009 Masterworks Dev Membership Only Andaz Hyatt Wall Street 75 Wall Street 18 (of 42) 253 2010 The Hakimian Organization Full Service Holiday Inn Express 126 Water Street 26 112 2010 Hersha Hospitality Economy/Limited Service World Center Hotel 144 Washington Street 18 169 2010 Masterworks Dev Boutique W Hotel & Residences 123 Washington Street 25 (of 55) 220 2010 The Moinian Group Full Service Doubletree Hotel 8 Stone Street 43 399 2010 Magna Hospitality