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Now 3x faster!

Last Friday (3/21/14), we rolled out an upgrade on our hosting package, by moving our service to a solid-state-drive (SSD) server platform (our apologies for some intermittent glitches in service on Saturday). Our hosting provider claims an increase in both page loading and database interactions of up to 300% compared to our pervious platform. While we haven’t got all technical and whisked out the stopwatch, we do feel the site is quite zippier and we hope you do too! We value speed very much and we strive hard to deliver the best performance to our users. We hope you join us!

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Transactions

Deal review: at Essex House NYC, Marriott pays, while owners clip their guarantee

Strategic Hotels and Resorts in partnership with KSL Capital Partners acquired the Essex House towards the end of 2012. The hotel was reflagged to JW Marriott brand after Marriott International signed a 50-year management deal, in which it provided NOI guarantee to the new owners. Year 2013 is the first full year following the closing of the transaction and, here at OpenComps, we were curious to uncover how the owners and manager fared a year later.