Commercial Real Estate Finance

Posts Tagged ‘extended stay hotels’

Commercial Real Estate Week in Review-Week of May 16-22

-Our office neighbor Hersha Hospitality Trust is betting on the New York hotel sector, as they increased their exposure by purchasing a 113-room Holiday Inn.

-Welsh Property Trust and Campus Crest Communities are going public. Their IPO’s are projected at $315.2M, and $385.3M, respectively.

-Have commercial real estate prices in Dubai bottomed out?

-Starwood Capital’s bid for Extended Stay hotels “better” than $905M offer from Centerbridge Partners, and Paulson & Co. Auction set for May 27, 2010.

-Yale professor claims “history is unpredictable.” History already happened. This is why I went to Penn.

Read the rest of this entry »

Week of April 18-24

- Real estate companies continue to tap the equity markets to raise cash through secondary offerings or IPOs.

- The Federal Reserve paid $47.4 billion to the Treasury Department in 2009, the largest amount on record, from gains on investments made to bolster the shaky housing market.

- CNBC reports that surveys show wealthy Americans are less concerned about the economy… seriously they actually did a story on this.

- A Llenrock survey shows that people with money are more likely to buy things than people without money.

- CNBC reports that it will be reporting on Llenrock surveys going forward. Read the rest of this entry »