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Sheraton Pasadena rebrands indy-inspired hotel as it seeks new market

Sheraton Pasadena rebrands indy-inspired hotel as it seeks new market
pasadenastarnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pasadenastarnews.com Daily Mail and Mail on Sunday newspapers.

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Here Are The Biggest LA Hotel Sales of 2021

Here Are The Biggest LA Hotel Sales of 2021
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.

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Eagle Hospitality Trust's Big Bet On US Hotels Sunk

Eagle Hospitality Trust's Big Bet On US Hotels Sunk
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.

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Eagle Hospitality Trust's Big Bet On US Hotels Sunk

Eagle Hospitality Trust's Big Bet On US Hotels Sunk
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.

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BREAKING: Queen Mary operator to auction lease for ship after filing for Chapter 11 bankruptcy • Long Beach Post News

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In an announcement Tuesday, Singapore-based Eagle Hospitality Trust said it will sell 15 of the 18 hotels in its portfolio, including the Queen Mary, Sheraton Pasadena and Holiday Inn Anaheim for a starting price of $470 million in an auction set tentatively for May 20.
The city of Long Beach owns the Queen Mary but for decades has leased the ship to various operators, some of whom have met similar financial struggles.
Alan Tantleff of FTI Consulting, who was appointed as the chief restructuring officer in the bankruptcy, said Eagle has received an initial bid for the entire portfolio from a private investment firm called Monarch Alternative Capital. However, Eagle could choose to sell the Queen Mary or any of its properties individually in the auction, he said, adding that it has received multiple offers for the Long Beach landmark. ....

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