Sentences with phrase «of the largest hotel investors»

Not exact matches

Those funds are, of course, among NYC real estate's largest investors and have poured money into such high - profile sites as 787 Seventh Avenue, Hudson Yards and the condo - hotel formerly called Trump SoHo.

What attracted attention was not just the price paid by the Chinese investor ($ 1.95 billion was the highest price paid for an existing hotel in the U.S.), but the identity of the purchaser, China's eighth - largest insurance conglomerate, owned by the grandson - in - law of the late Chinese leader Deng Xiaoping.

On the upside, Whitbread PLC shares WTB, -0.73 % jumped 7.2 % after Elliott Management said in a statement over the weekend that it has amassed a stake of more than 6 % in Britain's biggest hotel and coffee - shop operator and believes it's currently the largest investor in the company, whose businesses include the Premier Inn chain.

Meanwhile, Starwood Hotels & Resorts Worldwide received an unsolicited takeover proposal from a group of investors led by Anbang Insurance Group Co., potentially upending a deal with Marriott International that would create the world's largest hotel operator.

Fladgate LLP has advised Adventurous Journeys Capital Partners and other investors on the disposal of Hotel Saint - Barth Isle de France to LVMH Moët Hennessy Louis Vuitton, the world's largest luxury products group.

By and large, HNW investors and family offices have a better grasp of local markets — most notably non-gateway markets — while foreign investors tend to favor U.S. assets that are in their comfort zone, namely multifamily properties and hotels in top - tier cities, according to Mulcahy.

Case in point is a well known real estate firm with a justified reputation as excellent investors purchasing one of the largest hotel chains in the world at a very aggressive price in 2007 — the very top of the last cycle.