Hotels

ESTES PARK, CO-The Wild Basin Lodge, featuring 13 acres with river frontage, a full bar and lounge and five sleeping rooms, will be auctioned off on September 30th. A minimum bid of only $1.95 million includes not only the real estate, but also all equipment and furnishings needed to continue the business uninterrupted.

PRINCETON, NJ-Paramount Hotel Group is teaming up with a local private investment group to introduce the brand to this prestigious market. The property will be located within the two million-sf Carnegie Center Office Park.

LONDON-Corus & Regal Hotels has sold the Maitland Hotel, Shandwick Place, Edinburgh to the Townhouse Group for close to the asking price of pounds 4 million ($6.7 million).

WASHINGTON, DC-Hospitality industry real estate guru C.A. Anderson comes aboard Interstate Hotels & Resorts' acquisitions and development team as the company looks to expand its management presence in time to take advantage of an anticipated pick-up in the hospitality market.

LONDON-Beleaguered hotel chain Le Meridien is to revalue its global portfolio. The move is thought to presage possible sell-off of properties in order to reduce the company's debt mountain.

ALBANY-A significant hurdle has been scaled by New York State and the St. Regis Mohawk Tribe in settling issues that could have thwarted the tribe from developing a $500 million casino resort in Sullivan County.

DENVER-Angry over what it says is lax enforcement of city rules requiring union labor on current construction sites, the Colorado Building Trades Council wants to put a referendum on next November's ballot that would ask voters to decide whether there should be a new convention hotel in Denver.

WASHINGTON, DC-A groundbreaking ceremony on March 6 is in the works to officially kick off the development of the 233-suite Residence Inn Marriott. The $43-million endeavor is the product of The Donohoe Cos., Hospitality Partners and Four Fires LLC.