Westin Tempe hotel faces foreclosure sale

The Westin Tempe faces a potential foreclosure sale after failing to make its loan payments.The lender for the 290-room hotel near Seventh Street and Mill Avenue in downtown Tempe filed a notice of trustee sale earlier this week, according Maricopa County records. Such notices inform borrowers and property owners they are facing a potential foreclosure…

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Coming under new Arizona ownership, storied Stanley Hotel to partner with ‘iconic’ horror producer

Estes Park’s historic and haunted Stanley Hotel in Colorado — which is being acquired by an Arizona-based nonprofit — has landed a big new partner for its up-and-coming film center.Blumhouse — the multimedia company behind horror franchises including “Halloween”, “Get Out” and “Paranormal Activity” — said Jan. 26 that it will pull from its catalog…

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Can KB Home’s Recent Outperformance Continue?

KB Home (NYSE:KBH) has delivered strong results for shareholders over the past three years. Over this time period, the stock has delivered a total return of around 76% compared to a total return of approximately 31.5% delivered by the S&P 500 (SPY).This outperformance is especially impressive given the fact 30-year mortgage rates have risen from…

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