BlackSwan Zine

The Thomas Edison Inn — and surrounding property in Port Huron — is getting an upgrade.

The buyer paying upwards of $80 million to take over the legendary Hotel Chelsea has been revealed as New York real estate developer Joseph Chetrit.

The estate of Leona Helmsley has reached a deal to sell the New York Helmsley hotel to Host Hotels & Resorts Inc. for more than $310 million.

Colony Capital LLC has purchased a minority stake in Sam Nazarian’s company, betting that the 35-year-old Los Angeles night-club and hotel impresario will be the boutique-hotel industry’s next big name.

Nick Jones, the founder of Soho House, a chain of members-only clubs that includes an outpost here, knows about exclusivity.

Even multi-billionaires like Ty Warner are not immune to the latest economic conditions. Mr. Warner, who made his fortune manufacturing Beanie Babies, owns the Four Seasons Hotel New York—but maybe not for much longer. He is in negotiations to sell the posh property to a group of investors, according to several news reports.

The condo in Rancho Palos Verdes, Calif., has three bedrooms, three bathrooms and sweeping ocean views. It can be yours for just under $2.6 million. There’s one catch: If you buy it, you will be able to use it for only 60 days a year and no more than 29 days in a row.

One of the Dallas area’s most exclusive hotel properties is facing a possible foreclosure.
Lenders have filed to foreclose on the Four Seasons Resort and Club Dallas at Las Colinas, a 400-acre hotel, spa and golf club in Irving.
The more than 400-room hotel is one of the state’s top-rated accommodations and hosts the annual HP Byron [...]

Big-name investors have swooped in on two high-profile commercial real-estate assets in a sign that activity is returning to the investment-property market.
Private-equity firm CIM Group has teamed up with New York developer Harry Macklowe to help him regain control of what is regarded as one of the most valuable vacant lots in the world, according [...]

US plumbing magnate Herb Kohler has acquired Hamilton Hall in St Andrews, described as “one of the most photographed buildings in the world of golf”, leading to speculation that it may be transformed into a private residence club.
Kohler recently refurbished Riverbend, an estate home constructed in 1923 by Herb’s ancestor Walter J. Kohler, then Governor [...]