Posts Tagged ‘hospitalityindustry’
Luxury Hotel Seized in Malaysian Financial Case Heads to Auction in Posh Beverly Hills
Court to Sell Off California’s Viceroy L’Ermitage After Former Owner’s International Legal Troubles https://product.costar.com/home/news/shared/1827109742?utm_source=newsletter&utm_medium=email&utm_campaign=personalized&utm_content=p4 By Lou Hirsh CoStar News July 20, 2020 | 4:10 P.M. A luxury Beverly Hills, California, hotel that is popular with celebrities could be sold at a discount in a court-ordered auction next month, following what international law enforcement officials call a money laundering…
Read MoreL’Ermitage Luxury Hotel Headed for Auction
Bidding will start at $104 million https://labusinessjournal.com/news/2020/jul/13/lermitage-luxury-hotel-headed-auction/ By Hannah Madans Monday, July 13, 2020 The Viceroy L’Ermitage Beverly Hills hotel could have a new owner soon. The luxury hotel, which was seized in a money laundering scandal involving financier Jho Low, will be sold at auction Aug. 19. Matthew Bordwin of real estate brokerage Keen-Summit Capital…
Read MoreFamous hotel is for sale — while ex-owner’s on the lam
L’Ermitage in Beverly Hills will fetch at least $100 million By Roger Vincent https://www.latimes.com/business/story/2020-07-10/court-ordered-sale-viceroy-lhermitage-beverly-hills-hotel Bidding has commenced in an auction of the Viceroy L’Ermitage Beverly Hills, a legendary hotel last owned by a highflying Malaysian investor now on the lam after being accused of embezzling billions of dollars from his country’s government. The low-key boutique…
Read MoreDespite Coronavirus Spikes, Disneyland And Orange County Hotels Brace For Reopening
June 11, 2020 Joseph Pimentel, Bisnow Southern California | Email Reeling from a coronavirus-catalyzed drop in tourism and business, hoteliers in Anaheim are closely watching the reopening of the Disneyland Resort and the visitors it may bring to the area. “This is huge news,” Wincome Group CEO and Asset Manager Paul Sanford said to Bisnow an hour after…
Read MoreShutdowns Put California Hotels on Track for Worst Year for Property Sales
https://product.costar.com/home/news/shared/39624890?utm_source=newsletter&utm_medium=email&utm_campaign=personalized&utm_content=p2 Deals on Hold as Buyers, Sellers Figure Out New Normal for Valuations By Lou Hirsh CoStar News May 28, 2020 | 3:25 P.M. Coronavirus-related shutdowns have brought hotel property sales in California to a screeching halt this year, putting deal volumes on pace for their lowest year on record. Listings and purchases have dropped as…
Read MoreWith Hospitality Industry Looking Bleaker, Anaheim Focuses On Safely Reopening
May 20, 2020 Joseph Pimentel, Bisnow Los Angeles https://www.bisnow.com/orange-county/news/hotel/anaheims-hospitality-industry-looks-bleak-city-focusing-on-safely-reopening-104489 Before the coronavirus pandemic, the city of Anaheim was slated to embark on another record year. Disneyland’s Star Wars: Galaxy’s Edge had finally completed in January, the city was set to welcome six new hotels this year, the convention center was attracting more events and the…
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