News:
Brokerage
Posted: March 6, 2009
Lexington Downtown to undergo $13m rehab: A Madison W and IHR J.V.
According to Lexington Downtown Hotel & Conference Center, a Hilton Affiliate Hotel, it will undergo a $13 million renovation to update and modernize its 367 guestrooms and public spaces in preparation for its conversion to a Hilton brand hotel. The revamping of the 290,362 s/f hotel is scheduled to begin this spring and is expected to be completed by the end of this year. Lexington Downtown Hotel & Conference Center will remain open during its renovation.
Developed by Atlanta firm Design Continuum, Inc., the hotel is a joint venture between Madison W Properties and Interstate Hotels & Resorts (IHR).
Tags:
Brokerage
MORE FROM Brokerage
Highcap and Newmark sell $18.5 million four-building midtown portfolio
Manhattan, NY Josh Goldflam, co-founder and principal of Highcap Group, along with Brian Ezratty and Scott Ellard of Newmark have arranged the sale of a four-building portfolio
 (2).gif)
Quick Hits
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
.gif)