Benchmark Hospitality Adopts New Business Intel System
Jan. 08, 2009
Sometimes you have to invest money to save money, and it appears Benchmark Hospitality International has adopted that philosophy with the purchase of Pittsburgh-headquartered Aptech Computer Systems Inc.'s Execuvue Business Intelligence System.
New Firm to Focus on Hotel Investment
Jan. 08, 2009
Anticipating opportunities to come, Ardent Hotel Advisors, a hospitality management and asset management company, has partnered with Steven Surgent to form Ardent Hotel Investors, a new entity that will invest in hotel properties nationwide.
CNL, Macquarie Plan $1.5B Global REIT
Jan. 07, 2009
Orlando-based CNL Financial Group and Sydney's Macquarie Group have joined forces for the first time to establish a new global REIT, CNL Macquarie Global Growth Trust Inc., which will pursue opportunities in just about every sector of commercial real estate in various areas around the world. The partners can afford to think big, as the proposed total offering for the REIT is $1.5 billion.
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Exclusive on the Web
Jan. 08, 2009
• Today on CPN Radio: Real Tech with Peter Boritz • Corporate View: CoreNet Global-CPN Audiocast • CPN Conference Series: Interviews from CPN’s Washington, DC Property Opportunities and New York Investment •Thought Leaders: CPN’s 2008 Executives of the Year • Log on to CPN's Blog, REal Talk with CPN • CPN-Nielsen Claritas’ Latest Special Report • Guest Column: Day in Court by Gary Tenzer • This Week on Mike Myatt's Management Matters Blog: The Next Domino to Fall
Dollar Retailing Seeing Good Times
Jan. 08, 2009
The Dow Jones index took something of a dive yesterday, possibly because of ill tidings from the likes of Time Warner and Intel, or the anticipation of bad job market numbers, or maybe because it was time to yo-yo back to roughly where the market started at the beginning of the year. In any case, the Dow was down 245.40 points, or 2.72 percent, while the S&P 500 lost 3 percent exactly and the Nasdaq lost 3.23 percent.
Pending Home Sales, Factory Orders Dip
Jan. 07, 2009
It isn't clear that the days of yo-yoing equity markets have gone away--just wait until the next international shock or surprise bankruptcy--but for the moment the Dow Jones index seems to have mellowed out. It fluctuated above its starting point yesterday and ended up gaining a modest 62.21 points, or 0.69 percent.
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