Insurers Continue to Cover Beach Resorts Despite Spate of Caribbean Hurricanes September 25, 2019 By Patrick Clark Frenchman’s Reef, the largest resort on St. Thomas, was smashed by Hurricane Irma, which breached roofs, caved in walls and...
Marriott Faces $124M Fine for Massive Data Breach Under New Data Protection Rules July 11, 2019 By Patrick Clark and Jonathan Browning The massive hacking of Marriott International Inc. reservation databases could lead to a 99 million-pound ($124 million) fine as the...
China’s Anbang Insurance to Begin Selling Waldorf-Astoria Luxury Condos June 12, 2019 By Patrick Clark China’s Anbang Insurance Group Co. is scouring the globe for condo buyers looking for a little — or a lot...
Doubts About Hotel Industry Cyber Security Pre-Date Marriott Hacking December 17, 2018 By Patrick Clark Long before Marriott International Inc. disclosed a massive security breach, the hotel industry had earned the dubious reputation as a...
Marriott CFO Says Too Early to Estimate Cyber Breach Costs December 5, 2018 By Patrick Clark It’s too soon for Marriott International Inc. to estimate the cost of the massive cyber breach that the company disclosed...
Marriott Starwood Data Breach Highlights Silent Cyber Risk in Acquisitions December 3, 2018 By Patrick Clark Marriott International’s $13.6 billion purchase of Starwood Hotel & Resorts was a bet that its popular loyalty program would bring...
AIG Is Seeking More Than $200M for Manhattan Hotel October 8, 2018 By Patrick Clark and Gillian Tan AIG Global Real Estate is seeking buyers for a Manhattan hotel that could fetch more than $200 million, according to...
Anbang’s Plans for Waldorf Astoria Call for Fewer Luxury Condos March 21, 2018 By Patrick Clark It’s official: Anbang Insurance Group Co. has filed a plan for the luxury condos it’s developing at Manhattan’s Waldorf Astoria,...
Potential Trump Tax Loophole for Pass-Through Businesses February 6, 2018 By Ben Steverman and Patrick Clark If exploiting a tax loophole is as much an art as a science, then the tax planning profession is poised...
$880 Billion of Homes in Danger of Being Underwater, Literally August 2, 2016 By Patrick Clark When talking about housing, “underwater” usually means you owe more on a mortgage than the home is actually worth. If...