"But not as good for hotel developers".
The quarry for hotel developers in Williamsburg is the travelers at the vanguard of fashion, music and design.
Then, soon afterward, Mr. Naldi learned unexpectedly that Mr. Grunberg had sold the buildings to another hotel developer, Ark Investment Partners, for $52 million, which prompted the suit for breach of contract.
But a federal indictment unsealed on Friday accused two former vice presidents at the bank of hastening its downfall by selling fraudulent loans to a hotel developer in exchange for bribes.
White Lodging, a private hotel developer and manager responsible for about a third of those rooms, is betting big on Austin.
The hotel developer Doug Manchester bought his hometown newspaper, The San Diego Union-Tribune, for "above" $110 million, voiceofsandiego.org reported on Thursday afternoon.
Madison Marquette has not yet selected a hotel developer.
Down in the West Village, the hotel developer Barry Cooper and his wife, Mary Billard, a writer, are expecting about 80 friends for a buffet dinner in their home.
A decade ago, hotel developer Steve Wynn reversed course on his plans to build a 25,000-square-foot home in Beverly Hills and instead put the property on the market for $7.25 million.
Two New York hotel developers account for much of the building boom here: Sam Chang, the founder of the McSam Hotel Group, and John Lam, whose company is known as the Lam Group.
