Wyndham ‘buys’ NYC hotel: An affiliate of Wyndham Hotel Group reportedly bought the 203-room Alex Hotel, located on 205 East 45th Street in Manhattan. Wyndham has not confirmed the deal, though.
Five Mile fighting Paulson-Singapore deal: Five Mile Capital Partners are fighting in bankruptcy court the deal by MSR Resort Golf Course LLC to sell four U.S. resorts to for US$1.5 billion to Government of Singapore Investment Corp., saying the US$331 million in tax liabilities was not disclosed to it and other creditors.
Chatham converting DC hotel to Residence Inn: Chatham Lodging Trust is converting the 105-room DoubleTree Suites by Hilton Hotel Washington, DC it bought in July 2011 to a Residence Inn by Marriott following a conversion.
Read more at the Fort Mill Times
Hotelco expands in Colorado: Hotelco announced on Monday that an affiliate bought the 100-room Eagle Lodge & Suites, located in Eagle, and that it will assume management of the property.
Inspire buys Florida hotel: Inspire Hotels bought the 83-room former Wingate by Wyndham New Tampa, for US$3.1 million and will rebrand it as La Quinta Inn & Suites Tampa North.
Read more at the Tampa Bay Business Journal
Caesars to issue $1.5 billion in debt: Caesars Entertainment Corp. announced on Monday announced that it will issue $1.5 billion in new debt to pay down loans.
Read more at the Las Vegas Review-Journal