BROWSE BY TOPIC

HOME MY ACCOUNT BENEFITS SPONSORED EVENTS MEDIA KIT EDITORIAL BOARD CAREERS ABOUT US CONTACT
Hotel Newswire - latest hotel news and press releases

Cosmopolitan Continues to Move Forward

MARCH 18, 2008. Perini Corporation (NYSE: PCR), announces that Deutsche Bank has begun the foreclosure process on the Cosmopolitan Resort and Casino as a parallel track to its negotiations with Global Hyatt Corporation and New York-based Marathon Asset Management. The parties are actively engaged in discussions regarding a recapitalization of the condominium-hotel casino project.

The Cosmopolitan project is being constructed by Perini Building Company, Inc., a wholly owned subsidiary of Perini Corporation, on an 8.5 acre site between MGM Mirage’s Bellagio Resort and Casino and the newest MGM project under construction, CityCenter. Deutsche Bank continues to pay Perini for work performed on a monthly basis under a previous agreement. As a result, the Company’s work at the Cosmopolitan continues on schedule.


More breaking stories from the Hotel Newswire:


Hotel Business Review

Subscribe now and receive exclusive benefits, free consultations, discounts on products and services!

Also This Week in Hotel Business Review...

Five Hot Tips on Designing Your Hotel Lobby

By Roger Hill, Chief Operating Officer, Gettys

Walking into a hotel lobby is like shaking the hand of someone you just met. It’s all about the first impression. Just like people, hotel lobbies embody distinct personalities. A lobby can be aloof, inviting, intimidating, or unbelievably cool. As an hotelier, you cannot stand by your front door greeting all the guests that make their way onto your property, but you can choreograph initial experiences by transforming your lobby into an oasis...

Effectively Understanding the Role of the Hotel Concierge

By Leigh Anne Dolecki, Chef Concierge, Campton Place Hotel

The word concierge actually dates back to mid 17th century Europe, when hosts, usually of a lavish property or castle, provided a servant whose primary responsibility was attending to the comfort of their traveling guests. This servant eventually catered to the every whim and wish of visiting nobles; they held a very important position in the household, and often kept the household keys...