Mergers and Acquisitions

American Realty Properties agreed to buy American Realty Trust for about $3.1 billion to grow its net-lease assets.  

American Realty agreed to pay $807 million for a portfolio of GE Capital properties comprised primarily of restaurants.

Bank of America has sold a chunk of its $110 billion commercial mortgage servicing rights portfolio to Keycorp for an undisclosed amount. 

The Justice Department says it won't challenge travel booking site Expedia's $1.3 billion purchase of competitor Orbitz, saying the deal is unlikely to hurt competitors or consumers.

The private equity firm Blackstone will buy real estate investment trust Strategic Hotels & Resorts Inc. in a cash deal valued at $3.93 billion.

The U.S. government is suing to stop Electrolux from buying General Electric's appliance division, saying the combined company would dominate sales of kitchen appliances to customers like home builders, property managers, hotels, and governments.

The monolithic hotel casinos that billionaire Kirk Kerkorian built on the sparkling Las Vegas Strip spoke for themselves.

The Tropicana hotel and casino in Las Vegas is being sold for $360 million.

The co-owners of Freedom Communications and its flagship newspaper, the Orange County Register, have resigned all executive duties, two years after buying the company and pushing through sweeping changes.

A Florida developer trying to salvage a deal to buy Atlantic City's former Revel casino says the casino's owner told him it has "many" buyers for it.

Expedia is buying rival online travel site Orbitz for approximately $1.33 billion.

Hilton has completed the $1.95 billion sale of the Waldorf Astoria to a Chinese insurance company.

Starwood Hotels is spinning off its 22 timeshare resorts into a separate, publicly traded company.

One purveyor of swanky Las Vegas Strip nightlife is buying another in a $36 million deal announced Tuesday.

MGM Resorts says it plans to sell the Gold Strike Hotel & Gambling Hall to a company owned by members of the Herbst family.

Norwegian Cruise Line is getting into the luxury cruise business by acquiring Prestige Cruises International in a deal worth about $3 billion.

Inland American Real Estate is spinning off its lodging subsidiary into a separate and publicly traded company.

CEO David Murdock offered to buy Dole at $12 per share in cash, an offer that gives the  company a value of about $1.5 billion, including debt. 

Starwood Hotels & Resorts Worldwide Inc has reached out to potential bidders, including InterContinental Hotels Group Plc and Wyndham Worldwide Corp, after deciding to explore a sale, according to people familiar with the matter.

Burger King’s CEO said the decision to merge with Canadian firm Tim Hortons was not an effort to avoid U.S. corporate taxes by moving the fast-food giant’s headquarters north of the U.S. border.