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Bidder makes initial offer for troubled Westin Cleveland Downtown hotel

Bidder makes initial offer for troubled Westin Cleveland Downtown hotel
crainscleveland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainscleveland.com Daily Mail and Mail on Sunday newspapers.

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Blackstone Hotel hits the market

Now the owners will find out how the market values the property amid a pandemic that pushed them to shutter the hotel for more than a year. The Blackstone is slated to reopen this week.
The asking price is unclear for the 22-story property across the street from Grant Park, but the move to sell comes more than a year into a crisis that has devastated hotel values and cast a harsh light on a downtown hotel market that may take years to return to pre-pandemic performance levels.
While that backdrop makes it look like a tough time to sell, Fundamental and Sage are staring down a deadline: A $52 million loan tied to the property matures June 1, according to Cook County property records, meaning the owners will need to either sell the hotel or refinance or modify terms of the loan soon a potentially difficult endeavor given the uncertainty of local hospitality demand. ....

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Ben Jamieson Joins LEFCON, LLC as Director of Project Management

Ben Jamieson Joins LEFCON, LLC as Director of Project Management
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Hospitality Expert Joins Fast-Growing Technology Support Company
(Ben s) knowledge in innovative technology will also help our clients stay current in a very fast-evolving industry.” said James Lefcakis, president of LEFCON.
CRANBERRY TOWNSHIP, Pa. (PRWEB)
April 12, 2021
LEFCON, LLC, a top technology support company, has expanded its capabilities in support and innovation by adding Ben Jamieson as Director of Project Management. This new position is in response to rapid growth by LEFCON, recently named to Inc. Magazine’s Annual List of America’s Fastest Growing Private Companies, the Inc. 5000.
In this new role, Jamieson will oversee LEFCON’s project management team in day-to-day operations and support of hotels across North America. He will manage initial project planning and onboarding for all ne ....

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Westin Cleveland Downtown hotel is on the verge of closing, lender says in receivership petition

Westin Cleveland Downtown hotel is on the verge of closing, lender says in receivership petition
crainscleveland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainscleveland.com Daily Mail and Mail on Sunday newspapers.

United States , Miami Beach , Cassandra Collier Williams , Chaim Schochet , Richard Conti , Thrasher Dinsmore , Steve Strnisha , Tim Collins , Plasencia Group , Sage Hospitality Group , Crowne Plaza , Cleveland Center , Cuyahoga County Common Pleas Court , Us Department Of Justice , Cleveland International Fund , Marriott International Inc , Westin Cleveland Downtown , Cleveland Heights , Optima Ventures , Denver Based Sage Hospitality Group , East Sixth Street , One Cleveland Center , ஒன்றுபட்டது மாநிலங்களில் , மியாமி கடற்கரை , காஸ்ஸான்ற கோலியர் வில்லியம்ஸ் , ரிச்சர்ட் கொண்டி ,

Coming soon: Denver developments slated to be completed in 2021, part one

Coming soon: Denver developments slated to be completed in 2021, part one
BusinessDen file photos)
While 2020 didn’t see a ton of non-residential groundbreakings in Denver, plenty of projects were well underway by the time the coronavirus pandemic set in.
And many of those projects are slated to be completed this year, including multiple hotels, which will open at a time when the hospitality sector is still grasping at recovery.
Here is part one of BusinessDen’s look at the major Denver developments likely to be completed this year, with a focus on downtown.
Look for part two featuring projects in Cherry Creek, RiNo and Sun Valley later this week. We’re excluding multifamily projects largely on these lists because there are so many underway. ....

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