Hotels

DALLAS-Ross Perot Jr. wastes no time in backfilling a hole from a developer who took a bye a few months ago. Starwood and Gatehouse Capital will help debut a plan with a 251-room W Hotel, 94 condos, 25,000 sf of retail and some office space.

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.