Hilfiger backs off Clock Tower: Fashion designer Tommy Hilfiger revealed that his US$170 million deal to buy the Clock Tower building in New York City and convert it to a luxury hotel has been called off because he was unable to secure financing.
Read more at Crain’s New York Business
Las Vegas Hilton entering receivership: Gramercy Capita Corp. and the Goldman Sachs Group have asked that the Las Vegas Hilton casino-hotel be put into receivership, as it is in default on its US$250 million mortgage.
Read more at The Wall Street Journal
Innkeepers win bankruptcy control: Innkeepers USA Trust won approval in court to extend control over its bankruptcy case.
Read more at Bloomberg Businessweek
Vail Resorts buys SkiReport.com: Vail Resorts announced on Wednesday that it purchased the ski report website SkiReport.com for an undisclosed sum.
Read more at the Denver Business Journal
Ocean Two joins Interval: On Wednesday the Ocean Two Resort and Residences in Barbados joined vacation exchange network Interval International.
Pyramid adds Schaumburg hotel: Pyramid Hotel Group signed a management contract for the 459-room Hyatt Regency Woodfield-Schaumburg hotel in suburban Chicago.