Prudential Enhances Hospitality Holdings

first_imgPrudential Enhances Hospitality Holdings in Data, Government, Origination, Secondary Market, Servicing, Technology Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2011-08-19 Abby Gregory “”Outrigger Hotels and Resorts””: has new ownership, following the closing of “”Prudential Mortgage Capital Company’s””: $137.8 million acquisition of the hospitality entity. Prudential Mortgage provided the major, seven-year fixed-rate mortgage loan on behalf of Prudential’s general account.[IMAGE]The Outrigger property securing the loan encompasses a 639-room hotel in Honolulu’s famous Waikiki beach, which recently went through a $113 million renovation and repositioning effort. [COLUMN_BREAK]The entity behind the resort, Outrigger Enterprises Group, is a privately-held leisure company that boasts more than 44 properties throughout the Asia-Pacific and Oceania regions.””The hotel industry is in the midst of a recovery following a severe downturn, and Hawaii has enjoyed that recovery. This financing fits our strategy of investing in highly competitive and well-located hotels with superior sponsorship. The property has potential for strong growth, particularly given the operational expertise Outrigger brings to this transaction with more than 60 years of hotel industry experience. We are excited to continue this important borrower relationship,”” said Frederick van Overbeek, principal of Prudential and a member of the San Francisco-based team that helmed the financing arrangement. Also participating in the transaction was Elizabeth Velazquez, Prudential’s director of originations.Prudential operates nationally and focuses on commercial and multifamily financing divisions, for a total of $68 billion in assets as of June, 30, 2011; Outrigger’s diverse brands are equally credentialed, including international operations for bold-faced names such as Embassy Suties, Marriott, and Wyndham.center_img Share August 19, 2011 428 Views last_img read more

Go back to the enewsletter Emirates continues to

first_imgGo back to the e-newsletterEmirates continues to engage with its fans far and wide as it becomes the first airline to hit the coveted one‎ million follower mark on Instagram. The remarkable achievement positions Emirates as the largest transportation brand on the popular photo and video-sharing platform.Recently named the world’s most valuable airline brand, Emirates launched its Instagram channel in November 2013. In less than three years, the airline’s diverse and engaging content on Instagram has generated over 5.8 million likes and comments. From sports, lifestyle and travel, to adventure and food, Emirates uses the channel to tell visual stories that embody what the brand stands for: connecting people with what they love. Creative activations such as its hugely popular Emirates Cabin Crew Instagrammers campaign – where six members of the airline’s cosmopolitan cabin crew community exclusively took over the Emirates Instagram channel to showcase their life, travels and experiences – generated over 1 million likes and comments in less than two months.“As the old saying goes, a picture is worth a thousand words. Instagram is a great platform for us to share inspiring visual content about our people, interesting aspects of our operations, places to see, and things to do while travelling. Emirates has grown its Instagram following organically, and we are proud to hit the 1 million followers milestone,” said Boutros Boutros, Emirates’ Divisional Senior Vice President, Corporate Communications, Marketing & Brand.Aside from its recent Instagram milestone, Emirates has also become the first airline to hit 500,000 followers on LinkedIn. This positions the airline as the most followed travel brand in the world on the professional social media network as well as the most followed brand in the Middle East.  With a combined community size of over 11 million users across Facebook, Twitter, LinkedIn, Google+ and Instagram, Emirates has set the bar for engagement, not only in the airline category but among other lifestyle brands.“Our engaged and growing audience on social media reflect the deep-rooted connection that our customers and fans have with the Emirates brand. We would like to thank all of our fans for their support. We will work hard to continue surprising and delighting them with relevant, entertaining and inspiring initiatives,” Boutros added.Go back to the e-newsletterlast_img read more