Lehman Buys Stake in Wyndham Brand
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Wyndham International Inc. on Thursday said it agreed to sell six Summerfield Suites hotels and a stake in the Summerfield brand to a unit of Lehman Brothers Holdings Inc.
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Lehman Brothers's  lagging stock price offers the chance to buy into a rising power as it seeks to join the company of larger investment banks like Goldman Sachs  and Morgan Stanley , Barron's reported in its June 18 edition.
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Hyatt Corp. disclosed plans Thursday to buy the 143-hotel AmeriSuites chain in an estimated $600 million-plus deal that analysts said makes the luxury hotel company more of a well-rounded rival to much bigger Marriott International Inc.
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NEW YORK - Lehman Brothers Holdings Inc., Wall Street's fourth-largest securities firm, on Wednesday delivered third-quarter profit above projections despite a slowdown in its key investment banking business.  Lehman said it was snared in challenging market conditions.
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Wall Street brokerage house Lehman Brothers Holdings Inc. is close to reaching a deal to pay about $220 million to settle a class-action lawsuit alleging that it and other big brokerage firms participated in a scheme with Enron Corp.
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U.S. investment banks Morgan Stanley   and Lehman Brothers  are among the bidders for a  stake in Japanese house builder Daito Trust Construction Co  (1878.T), sources familiar with the deal said, in what could  stack up to be one of the biggest buyouts ever in Japan.
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Tishman Speyer Properties and  Lehman Brothers Holdings Inc. are close to a deal to acquire  real estate investment trust Archstone-Smith Trust, according  to the online edition of The Wall Street Journal on Monday.
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Real estate investment trust Archstone-Smith  on Tuesday said it agreed to be acquired by Tishman Speyer and investment bank Lehman Brothers Holdings Inc.  in a deal valued at $13.5 billion, reflecting the strong demand for high-end real estate by private investors.
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Host Marriott Corp. said Wednesday that it is selling a majority of its stake in Courtyard hotels to an institutional investor for $92 million in a move to divest a noncore asset.
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Hyatt Corp. has agreed to buy the AmeriSuites hotel chain from affiliates of private equity firm The Blackstone Group, Hyatt said on Thursday.
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NEW YORK/AMSTERDAM  - Warren Buffett's Berkshire Hathaway Inc, in its second acquisition this week, agreed to buy the NRG NV reinsurance unit of ING Group NV  for about 300 million euros ($441 million).
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LONDON (CBS.MW) -- Hyatt Corp. said it will buy the 143-unit AmeriSuites hotel chain from The Blackstone Group for an undisclosed sum and will consolidate all of the Pritzker family&#39;s hospitality holdings into one company called Global Hyatt.
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Real estate investment trust Archstone-Smith  will be acquired by real estate company Tishman Speyer and investment bank Lehman Brothers Holdings  for $22.2 billion, including debt, the companies said on Tuesday.
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Ashford Hospitality Trust Inc. (NYSE:AHT) said Monday it has agreed to buy a 21-property, 4,094-room hotel portfolio for $250 million, including assumed debt.
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Lehman Brothers&#39;s  lagging  stock price offers the chance to buy into a rising power as it  seeks to join the company of larger investment banks like  Goldman Sachs  and Morgan Stanley , Barron&#39;s  reported in its June 18 edition.
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The Blackstone Group had also bid for U.S. apartment owner Archstone-Smith Trust  in the weeks before Archstone agreed to acquired by affiliates of Lehman Brothers Holdings Inc.  and Tishman Speyer for more than $15 billion, The Wall Street Journal Online reported on Thursday.
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Highland Hospitality Corp. a lodging real estate investment trust, said Friday that it bought four hotels from Wyndham International Inc. for $227 million, plus closing adjustments.