The 301-room Andaz Maui is among a trio of resort hotels under contract to be acquired by Host Hotels & Resort in a $ 1 billion transaction.credit: Hyatt Hotels Corp. Bethesda, MD-based Host Hotels & Resorts, Inc. (NYSE:HST) announced an agreement to buy the Andaz Maui in Hawaii, the Grand Hyatt San Francisco, and the
Tag Archives: billion
Toronto-based RioCan Real Estate Investment Trust announced today it plans to sell about 100 smaller and non-core properties over the next two to three years and will use the proceeds to ramp up development in the country’s six largest high-growth metros. RioCan, which expects to receive about US $ 1.2 billion in proceeds from the
Following an 18-month ‘crash course’ in boosting shareholder value under CEO Robert Milkovich, Bethesda, MD-based First Potomac Realty Trust (NYSE:FPO) has accepted a buyout offer from Government Properties Income Trust (Nasdaq:GOV) for $ 1.4 billion in cash and debt assumption. Government Properties Income Trust, which is managed by the operating subsidiary of alternative asset management
In a blockbuster merger of two top players in the increasingly competitive data center sector, Digital Realty (NYSE: DLR) has agreed to buy DuPont Fabros (NYSE: DFT) in a transaction valued at $ 7.6 billion including debt. Shareholders of Washington, DC-based DuPont Fabros will receive just over half a Digital Realty share per DuPont Fabros
Sunoco LP (NYSE: SUN) is getting out of the convenience store business. The Dallas-based c-store operator and fuel distributor has agreed to sell a majority of its convenience stores to 7-Eleven Inc. for $ 3.31 billion in cash plus fuel, merchandise and other inventories. 7-Eleven is owned by Tokyo-based Seven & i Holdings Co. Ltd.
Freddie Mac and Fannie Mae together pumped almost $ 90 billion of financing into every corner of the multifamily market last year hitting a new record high. And with recent federal adjustments to the two government sponsored enterprises (GSEs) lending volume caps, the two could hit new lending records again this year. Freddie Mac was