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The luck has gone from bad to worse to slightly better and then back to worse for the now-closed Revel Resort & Casino on Atlantic City's boardwalk. The Canadian firm who announced last month they would buy the resort for a bargain $110 million has decided to drop the deal.
Toronto-based Brookfield US Holdings LLC has simply said that it "terminated the Revel acquisition." The Press of Atlantic City first reported the news and said the reason for the termination was because " bondholders refused to rework debt connected to construction of Revel’s power plant." The power plant story is kind of a doozy. Read the Press' report to find out more.
So what does this mean for Revel? Well, a backup buyer was named at the bankruptcy auction, developer Glenn Straub. He even appealed the bankruptcy court decision to name Brookfield as owner. The good news is, he's still very interested but he doesn't seem keen to keep the aspect of Revel. Hey, something is better than nothing, right?
Keep reading for another update on the AC Hotel Scene
Just a few short weeks ago, we watched as Revel Resort & Casino, the strikingly modern casino on Atlantic City's boardwalk, closed down after just two years in operation. This closure was followed by more closures and more bad news. However, someone else's metal detector just went off in the sand and it could mean the resurrection of Revel.
Toronto-based Brookfield US Holdings LLC has agreed to buy the Revel Resort in a bankruptcy auction for just $110 million. The casino cost $2.4 billion to build. Brookfield US Holdings LLC (nice name for a Canadian company, eh?) also owns the Hard Rock Las Vegas and the casino at Atlantis Paradise Island in the Bahamas.
There's a little bit of a hurdle for the new owners to overcome as they expect to be delinquent on an interest payment for their Hard Rock property. But a spokesperson said that shouldn't affect Brookfield's ability to buy the Revel. (Um? It probably should.) Anyhoo, tentative plans call for the resort to once again operate as a resort-casino. There's no timeline and there's no word on whether the name Revel will remain (indeed we suspect Hard Rock could come in here) but so far, this looks like much-needed good news for Atlantic City.
You’ve already had a chance to browse street art at ME London last year, but while at the time you were able to make some yourself, this month you can browse and buy: from today, an exhibition entitled “Stealing Banksy?” will display over $8 million of Banksy artworks in the hotel’s Norman Foster-designed space-age pyramid atrium.
The exhibition, “exploring the social, legal and moral issues surrounding the sale of street art”, includes pieces like ‘No Ball Games, ‘Liverpool Rat’, and ‘Balloon Girl’ (check them out here), which will all be auctioned off on April 27, with profits going to local charities.
Tickets are still available through this website and cost £17.50 ($25), which includes a charitable donation and a copy of ‘The Banksy Bulge’, a one-off Banksy newspaper created for the occasion.
We found a Vibe Room for just over $500 this coming Saturday, but special offers should be available if you are going to the exhibit by contacting the hotel directly.
[Image: Stealing Banksy]
Hotel Closings / London Hotels / Hotel Auctions / St Regis Hotels / Hotel Renovations / Hotel News / → All Tags
We’ve known that The Lanesborough London would be closing later this year to complete a top-to-bottom renovation, but now we finally have a tiny bit more information on what will happen when doors shut on December 20.
They will remain so until the fourth quarter next year – it wouldn’t surprise us if that means a planned return right before Christmas – and the designer responsible for the overhaul is the late Alberto Pinto, his final project before his passing last year. The hotel will keep its Regency style, but will bring in the requisite hotel technology updates to take it into the 21st century. No renderings or other visuals are available unfortunately to show you what that will look like.
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Plaza Athénée Paris may have celebrated its 100th anniversary earlier this year (April 20, to be exact), but specialty cocktails, a 10-metre anniversary cake, and 100 trees at Versailles aren’t going to be the only things marking the hotel’s centennial. On October 1, the hotel will close its doors for a partial renovation, which will expand its footprint into three surrounding buildings, adding six new guest rooms, eight suites, a ballroom, and two event spaces.
Way back when in 2011, HotelChatter recommended snapping up one of the €20 Hotel de Crillon keychains in the shape of the Tour Eiffel as a cute holiday gift for your hotel-loving friends (or perhaps, yourself.) But today, you can get an even bigger piece of the ritzy Parisian hotel--like the front desk.
The Crillon, which recently closed to begin a two-year long intensive renovation project, is selling off everything inside from the front desk to the bathrobes to the rugs, china, silver, mirrors, sofas, tables, patio furniture, planters, bar stools and a lot more. (All in all there are 3,500 pieces up for sale.)
It's all going down on April 18-22 inside the hotel. We peeped one of the catalogs here and saw a couple of lobby end tables going for €200-300. One of the front desks was estimated to sell for €800-1200. A smaller one was going for €400-600. Sofas inside some of the suites are going for €300-500. A twin bed from one of the guest rooms were going for €400, you know if you're interested in buying furniture that hundreds, maybe thousands, of people have sat and slept on. (We're not going to even mention the other things they've done.)
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Not being accustomed to buying antique barber chairs, we can't say for sure whether $1,600 (about the cost of 50 haircuts) is actually a deal or not. But at an auction, which took place on Saturday at Balsams Grand Resort in New Hampshire, the century-and-a-half-old hotel certainly succeeded in cleaning itself out to make way for a major renovation project.
Set to re-open in mid-2013, the new Balsams first had to get rid of its ties to the past. Plates, towels, sheets, a ski lift—pretty much the entire contents of guest rooms and other public spaces—were put on the block. And the buyers didn't disappoint!
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The time has come for the Maritime Hotel's Hiro Ballroom and Matsuri restaurant to close. After many years, many celebrity performances, and many penis festivals, the party has finally come to an end.
But that doesn't mean you can't still experience all the cool, Asian-inspired decor of the space long after it's gone. Eater reports that everything inside the ballroom and restaurant will be auctioned off starting next week. You like paper lanterns? You got 'em. You need a new Japanese bathroom sign? Now you know where to go. For all we know, they might even have some extra hot pots and sake barrels kicking around somewhere too.
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Affinia lovers, get out your checkbooks. After debuting the new look last summer, Affinia Manhattan is now putting one of its pretty, flower-themed rooms up for auction. But rather than long weekend-ers or tourists, the deal is actually aimed at business travelers and commuters, who visit the city on a frequent basis.
Every Sunday night for a year, the auction winner can come home to a 1-bedroom suite inside the Affinia Manhattan. And every week, it will be exactly the same (you can even leave your stuff in the closets!).
Which is why, for a wide-eyed tourist hungry to see all the sights, this situation wouldn't be that ideal. But for tireless business travelers, who benefit from consistency and routine (and only really want a quiet place to play with their stuffed animals), this could be a match made in heaven. As long as you're willing to duke it out on the auction block, that is.
London Hotels / London Hotel Scene / Auction Sites / Hotel Auctions / Hotel News / Swissotels / → All Tags
Yes, folks, this NEC NP600SG projector could be yours.
Everything—and we do mean everything must go at London's Swissôtel The Howard, which is set to auction off its entire contents on October 25th and 26th. We're talking luxe bedroom furniture, kitchen equipment, and even miscellany from the housekeeping department (old push carts? Used feather dusters?): from lobby to top floor, all from the sister hotel to The Savoy has gotta move, move, move.
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We don't have words enough to describe the awesomeness of Japan. If you've never been, you must go, but perhaps wait a bit until all of this recent tragedy of the earthquake, tsunami and radiation leaking is resolved. Until then, Japan could really use your help, and those in the fashion industry have devised a creative way of getting you to potentially lay out the big bucks all for the benefit of Japan; they're hosting a giant auction with very personal, very unique experiences on offer, including many top-notch hotel stays.
Let's see what there is on offer:
· The Ralph Lauren experience in Paris worth $30,000, currently bidding at $8,251. It includes business class flights for two on American Airlines to Paris, 2 nights in a deluxe room at Hotel Le Bristol, a dinner for two at Ralph's, a 1,000 Euro shopping experience at the Ralph Lauren store on St. Germain, and 2 tickets to visit "The Art of Automobile: Masterpieces of the Ralph Lauren Collection."
Bidder, get ready: Two Times Square, the restaurant on the third floor of the Renaissance New York Hotel Times Square which used to hold the ill-fated Chop Suey restaurant, is (supposedly) up for auction for a private New Year's Eve bash.
Marriott hopes there's still someone left in the world with two pennies to rub together who might pony up at least 150 grand for rights to the restaurant the night the ball drops.
The only problem is there might not be someone out there is this scary economy willing to drop that kinda money on a New Years Eve party. Crains New York quoted the hotel's general manager Thomas Foti:
"The timing is obviously not ideal. But we're thinking that someone from overseas might be interested."
The auction was to begin yesterday on eBay but so far, searches for New Year or Times Square don't turn up anything in the way of party rights.
If you're still going through with it, good luck with that, Marriott. Hope your back-up plan to sell $1,000-a-head dinners works out for you.
[Photo: NY Times]