Hotels & Casinos Retail Themed Attractions 

NYC retail property slump claims 20 Times Square, after attraction fails

Three-year downturn in Manhattan retail real estate may have claimed its biggest victim yet. Manhattan’s three-year downturn in retail real estate may have claimed its biggest victim yet. A group of international lenders filed on Monday to foreclose on the company controlling 20 Times Square, a 42-story hotel and retail tower once valued at $2.4 billion. The group, led by a unit of France’s Natixis SA bank, said that 90% of the property’s retail space has been sitting vacant, according to the filing. The lenders also said in the filing that Maefield Development,…

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The WB Abu Dhabi Construction Headlines Hotels & Casinos 

Abu Dhabi to host world’s first Warner Bros. hotel

The USD 112 million WB Abu Dhabi hotel is now 40% complete and will showcase premium amenities and decor inspired by the Studio’s unparalleled brand portfolio. Miral, Abu Dhabi’s creator of destinations, and Warner Bros. announced today that the world’s first Warner Bros. branded hotel – The WB Abu Dhabi – is currently in development on Yas Island, Abu Dhabi. Set to open in 2021, construction of the USD 112 million hotel is well underway and is now 40% complete. The WB Abu Dhabi will be located adjacent to the…

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CGI of hotel and cinema plan for Southsea Knight & Lee store Architecture Cinema & theatre Construction Editor's Choice Hotels & Casinos Local Authority Mixed use Regeneration 

Hotel and cinema plan approved for Southsea department store site

A former John Lewis store is to be converted into a cinema, hotel and rooftop bar after councillors approved development plans. The Knight & Lee department store in Southsea, Hampshire, shut on 13 July after trading for more than 150 years. The premises were the first to be closed by John Lewis since 2006. Portsmouth City Council member Lee Hunt said he hoped the development would be a “cultural and creative anchor” for the area. The John Lewis partnership closed its Knight & Lee store in July. Image ©PA The 1950s-built store in Palmerston…

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