Last month Los Angeles voters approved Measure ULA, imposing a new tax on all real property sales or transfers over $5 million. This will affect all parties involved in a real property transaction, and it is important to understand the implications of the measure before negotiating on a new project. My colleague David Tabibian, partner in JMBM’s Real Estate Department and Global Hospitality Group, explains the initiative and its potential impact below.
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Hard Rock Statement on Inaccurate Reporting on The Mirage
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The brand's newest addition is owned and operated by longtime Choice franchise owner, Edgewater Group LLC.
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The property traded for $12,500,000, over $235,000 per room
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CHICAGO – (December 9, 2022) – Hyatt Hotels Corporation (NYSE: H) today announced Hyatt Place Chengdu Bio-Town, the second Hyatt Place hotel in Chengdu, expanding the Hyatt Place brand’s…

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The Cape Codder Resort & Spa is a 266-room hotel, located in beautiful Hyannis, MA – the gateway to Cape Cod.
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Texas de Brazil Churrascaria continues expansion of its rodizio-style dining concept to Greenville, South Carolina, near the foothills of the Blue Ridge Mountains.
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Banyan Investment Group (BIG) today announced the completed sale of the 112-room Holiday Inn Express & Suites Bluffton @ Hilton Head Area in S.C., to Trishul Hospitality for an undisclosed price. The transaction generated a 24% IRR and a 3.3x equity multiple.
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Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with an affiliate of Caribe Hospitality S.A. for Hyatt Centric Escazu San Jose.
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CHICAGO (December 8, 2022) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with an affiliate of Caribe Hospitality S.A. for…

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