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AAP considering to contest MP Assembly polls next year

Bhopal: Social activist-turned politician Arvind Kejriwal's newly formed Aam Aadmi Party (AAP) is considering to field its candidates in the next year's Assembly elections in Madhya Pradesh.

The matter to contest the Madhya Pradesh Assembly elections scheduled to be held in November 2013 was discussed at a meeting in New Delhi recently," AAP state committee member Sharad Singh Kumbre said here on Wednesday.

"The AAP has already formed its state committee and all 45 district-level committees in Madhya Pradesh, Kumbre said.

The state committee has eight members and they have been given different works for strengthening the party.

In the coming days, we will make party's block-level committees and set a target of enrolling 8-9 members at the grassroot level in every village of the state, he said.

The main issues that the AAP will raise for the elections include corruption, development, crime against women, apart from law and order situation, he said.

Hegde doubtful about success of Kejriwal's party

New Delhi: Former Karnataka Lokayukta and Team Anna member Justice N Santosh Hegde has raised doubts about the success of the party launched by Arvind Kejriwal.

"My only apprehension is how far will a political party survive because of the very many demands of the political system, these days. It requires a huge amount of money to elect nearly 546 Members of Parliament from Kashmir to Kanyakumari. It is not going to be an easy job," he said.

"It is a good thing in principle, but in reality, can it succeed?" Hegde, a member of Team Anna of which Kejriwal was also a part two months ago, asked.

He was asked how he expects Arvind Kejriwal's newly-launched 'Aam Aadmi Party' to perform.

The former Supreme Court judge also said that there is nothing wrong in bringing the Prime Minister under the jurisdiction of Lokpal as like others he is also a public servant.

"What is wrong in the Lokpal having jurisdiction over the Prime Minister? Is the Prime Minister not a public servant? Aren't there cases of corruption against PMs in other countries? In Japan, you find every other year a Prime Minister is prosecuted. (Former US President Richard) Nixon was prosecuted... What is so great about the PM?" he asked

Noting that the position of the Lokpal was akin to "giving a dog a bad name and kicking it", he said that there have been allegations of corruption against Indian PMs in the past and added that only the President and Governors are excluded from being prosecuted and not the PM.

"We have had allegations of corruption against two former PMs - Bofors and the JMM bribery case. In a democracy, how can a person merely because he is holding an office be excluded from prosecution? The Constitution excludes the prosecution of the President and the Governors in some cases... One can't apply the same principle on a man who passes executive orders on a daily basis," he said.

Shanti Bhushan donates Rs 1 crore to AAP

New Delhi: Former Law Minister Shanti Bhushan Monday donated Rs 1 crore to the newly-launched 'Aam Aadmi Party' and said people from all walks of society will sit in Parliament after the 2014 General elections.

Bhushan, whose son Prashant is a member of the AAP's National Executive, donated Rs 1 crore for Arvind Kejriwal's party at the celebrations to mark its launch.

Besides, over Rs 1.6 lakh was collected from people who had gathered to witness the ceremony.

Speaking at the rally, Shanti Bhushan said people of the country have "stood up for themselves" and that they would decide their fate from now on.

"Parliament will have common people. People from all walks of the society will go to Parliament. They will decide their future," he said.

Bring law to curb baseless allegations: Congress MP

New Delhi: In a veiled reference to activist-politician Arvind Kejriwal, a Congress MP from Goa on Monday demanded that a new law be passed to provide civil remedy for defamation so that the defamer is forced to shell out "substantial monetary damages".

"The temptation of power and greed makes some fly-by-night leaders get on the streets and defame individuals and denigrate institutions. These leaders get a further boost with coverage, as the media cannot resist the temptation of spicy material," Congress member of the Rajya Sabha from Goa Shantaram Naik said in parliament by way of a special mention.

During his campaign for the Lokpal bill as well as in the run up to the launch of his new 'Aam Aadmi Party', Kejriwal has been levelling substantial charges against leading politicians on counts of corruption and impropriety.



"Punishment under criminal law is not a deterrent. Besides, since cases take years together for decisions, people who are habituated to use the weapon of defamation to achieve their political ends have virtually nothing to fear," Naik said, adding that habitual offenders in defamation cases need to be compulsorily imprisoned.

Arvind Kejriwal formally launches 'Aam Aadmi Party'

New Delhi: The Aam Aadmi Party (AAP), India's newest political party, was Monday formally launched by activist Arvind Kejriwal in the presence of thousands of supporters.

"This party is result of our struggle against corruption," said Kejriwal, who had announced the name of his party on Saturday.

His colleague Manish Sisodia declared the name of the party to the gathering in central Delhi's Jantar Mantar and said: "It is our party."

Sisodia also announced the names of the other 23 members of the national executive body. These include Sisodia himself as well as Prashant Bhushan, Dinesh Waghela, Sanjay Singh, Gopa Rai and Kumar Vishwas.

"Kejriwal takes the position as the national convenor. Pankaj Gupta would be the national secretary, Krishna Kanth would be national treasurer of AAP," Waghela said.

Earlier in the day, Kejriwal and his colleagues visited Mahatma Gandhi's memorial Raj Ghat. He also paid tributes to BR Ambedkar.

Kejriwal's chose to launch his party Nov 26 as the constitution of India was adopted on this day in 1949.

Kejriwal had said Sunday that he would "go to every village and town in the country for the next one year to convince people against the vote-bank politics of the Congress and the BJP". Both parties, he claimed, "used people only for votes".

Digvijay ridicules Kejriwal for adopting Congress party's theme

Bhubanesar: Ridiculing Arvind Kejriwal's 'Aam Aadmi Party’, AICC general secretary Digvijay Singh on Sunday accused the activist turned politician of adopting Congress party's theme to name his political outfit.

"It reflects the intellectual bankruptcy of Kejriwal," Singh told reporters here while replying a question on the use of word "Aam Aadmi".

"Let Kejriwal first get elected as an MP or MLA or even a municipal corporator," the AICC leader who was here to attend a function of All India Kshatriya Federation (AIKF) said criticising the Kejriwal's political party.

Replying a question on the Congress's B team in Odisha, Singh said "Let Mr Naveen Patnaik and Mr (Pyarimohan) Mohapatra decided what are they."

Both the ruling BJD led by Naveen Patnaik and Odisha Jan Morcha (OJM) had been accusing each other as the "B" team of Congress.

I will tour the country to convince people to back AAP: Kejriwal

New Delhi: A day after launching his Aam Aadmi Party (AAP), Arvind Kejriwal on Sunday said he will tour the country for the next one year to "expose" the Congress and BJP while trying to convince people on why they should support his party.

Eyeing the next year's assembly polls and the 2014 Lok Sabha polls, Kejriwal made a passionate plea to youth to join him full-time to bring about a revolutionary change in the country's political system.

Addressing his supporters near Rajghat here, the activist-turned-politician also used the platform to attack Congress and BJP saying they "used" people only to get votes and never bothered about them.

"There are people who have looted India a lot. Now the youth have decided to come out and drive them out of Parliament. I ask all youth therefore to come to Jantar Mantar tomorrow and they will be given the status of founder member of the party," Kejriwal said.

Claiming that AAP was different from existing outfits, he said the donations and expenses would be uploaded every now and then on the outfit's website which is being launched tomorrow.

"We have set a series of guidelines for the party members. I want only those of you who can work full-time to come to this party and no one should be found indulging in any activities of taking money for votes during elections," he said.

Kejriwal also said he will "go around every village and town in the country for the next one year trying to convince people against the vote bank policy of the Congress and BJP."

"BJP and Congress used people only for votes," he alleged.

Kejriwal had Saturday said that the aim of the party was to give gram sabhas more say in law-making and making higher judiciary accessible to common man.

Arvind Kejriwal denied permission for rally on Sunday

Zeenews Bureau

New Delhi: The Delhi Police on Saturday denied social activist turned politician Arvind Kejriwal the permission to hold a rally in the capital on Sunday.

Kejriwal’s request for permission was denied keeping in mind the Muharram procession that will dot capital’s roads on Sunday, Delhi Police said.


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Kejriwal had sought permission to take out a rally with his followers between Rajghat and Shaheed Park.

Arvind Kejriwal names political outfit 'Aam Aadmi Party’

New Delhi: Over two months after his split with Anna Hazare to take a political plunge, Arvind Kejriwal on Saturday launched his party naming it 'Aam Aadmi Party’ (Common Man's Party) with an aim to provide Gram Sabhas more say in law making and making higher judiciary accessible to common man.

The launch of the party came at a day-long meeting of around 320 people here during which the party's constitution, which envisages establishment of 'Swaraj' in the country, was also adopted. The meeting was held at the Constitution Club.

The new party will begin its electoral fight with Delhi where Assembly Elections are due towards the end of next year.

"For the past one-and-a-half-years we have been knocking at the doors of various parties on Lokpal Bill. But every party betrayed us when it came to Lokpal Bill. So we decided during the fast in August that this movement will take a political plunge.

"As a result of this, the Aam Aadmi Party has been launched today. Aam aadmi (common man) will now contest elections, aam aadmi will vote and aam aadmi sit in Parliament. This party will change the way politics and political parties function in the country," Kejriwal told reporters.

Asked about Congress' reported objection to the use of 'Aam Aadmi', he said they hijacked the word earlier but they could not hijack the common man.

The formation of the party came after a bitter split with Anna Hazare over the question of the anti-corruption movement taking a political plunge as desired by Kejriwal.

Both Hazare and Kejriwal announced parting of ways on September 19 following differences over forming a party with the former sticking to his position that the movement should remain apolitical.

On October 2, Kejriwal announced the formation of the party saying its official launch will be on November 26 to coincide with day the country's Constitution was adopted in 1949.


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Kejriwal said the Vision Document speaks of bringing self-rule in the country and demands that the preamble be implemented in letter and spirit.

"The Panchayats have become corrupt. We are not talking about it. We want the Gram Sabhas, the mohalla sabhas in the cities to be actively involved in law making except for major issues like that on foreign policy and external security," he said.

There should be referendum, he said, and discounted objections about its effectiveness in the country.

"We also want to bring in a legal system where people get justice without having to spend money. Getting justice has become costly because lawyers charge heavily from people for fighting their case. Common man should have easy access to higher judiciary," he said.

After forming a national council of 320 members which will be expanded by bringing one member from every district committee, Kejriwal said, 23 members were elected to the National Executive.

He said the strength of the executive committee will be 30 and the remaining seats will be filled soon.

"We have to see that there is proper representation for all sections in the committee. If backward people, minorities etc does not have proper representation, then we can have five more members," he said.

He said the party will have two kinds of members -- ordinary and active members. Anyone can enrol himself as an ordinary member by paying Rs 10 as fee for three years and an ordinary member who works for the nation and party tirelessly for four months then he will be made active member.

"The decision on making one an active member will be taken by the committees. For the first time in the history of Indian politics, it has been decided that if one becomes a member of the state executive or national executive councils, his or her relatives will not find place in any councils.

"The same applies when it comes to fighting elections and the party will give prominence to youth and women who are kept at fringes in other parties. Every college will have a party unit," Kejriwal said.

He also said the party will have the Right to Recall and it will be implemented in national executive council, state executive council and district executive council.

"The party's functioning will be transparent and donors list and expenses list will be uploaded on the website from time to time," he said, adding that the party will also have an internal Lokpal at the Centre and Lokayuktas at every state and district.

Any person can lodge a complaint against any party member and if the Lokpal or Lokayukta finds a prima facie case then the person will be probed, he said.

He said his party is committed to provide at least 33 per cent seats to women for contesting elections.

The meeting also saw some disagreement among a section of workers who were not allowed to attend it. A group from Tamil Nadu was seen arguing with a party coordinator on why they were not accommodated.

A member of the Tamil Nadu group said they were not against the party but their problem was with the way in which delegates from the state were selected. "There is an issue. We have objection to the manner in which people were selected for the meeting," the member said.

A group from West Delhi's Tilak Nagar also voiced their disapproval about the way in which delegates were selected.

"They talk about change and transparency. But where is transparency? When we enquired about the meeting, we were told by West Delhi coordinator that there is no such meeting. How did they select delegates for the meeting. They selected their cronies," supporters Mohan Aggarwal and Sudhir Singh said.

JL L: Convention Center Re-Dos Can Raise Millions for Hotels


JLL Hotels Secures $215.6M Refinancing for Three-Hotel Portfolio

Jones Lang LaSalle Hotels secured $215.6 million of non-recourse senior mortgage proceeds facilitating the refinancing of a three-property portfolio of hotels owned by a partnership between Ashford Hospitality Trust and Prudential Real Estate Investors.

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The hotel portfolio includes the 390-room Hilton Boston Back Bay in Massachusetts, the 296-room Westin Princeton at Forrestal Village in New Jersey and the 673-room Renaissance Nashville in Tennessee. The Hilton Boston Back Bay was financed as a standalone asset with a $103 million loan, while the Westin Princeton and the Renaissance Nashville were financed jointly with a $112.6 million loan.
Jones Lang LaSalle Hotels’ Executive Vice President Mathew Comfort and Senior Vice President Bill Grice led the team on the transaction.
“The portfolio’s exceptional sponsorship, along with the strong in-place cash flow, was highly attractive to lenders. While the transaction had several structuring nuances, lenders underwrote creatively to produce multiple options for the ownership,” Comfort said in a statement. “The competitive process generated demand from a range of financial institutions and resulted in the optimal blend of proceeds and pricing.”
The properties include the 390-room Hilton Boston Back Bay, located in the heart of the Back Bay office district, across from Hynes Convention Center and minutes from Fenway Park and downtown Boston; the 296-room Westin Princeton, situated within the mixed-use Forrestal Village complex near the Princeton University campus and Princeton Medical Center; and the 673-room Renaissance Nashville, located in the heart of Nashville’s downtown business and entertainment district, two blocks from the 1.2 million-sq.-ft. Music City Center, which will open in mid-2013.

First Independent LEED Hotel Brand Gets $1B Funding Plan

M1T Partners recently finalized a preliminary round of funding for Adoba Eco Hotel, the first independent hotel chain to design, build and convert fully LEED-certified hotels. M1T’s $75 million investment is the first round of financing of a five-year, $1 billion plan to expand Adoba on a national basis.
Adoba's Jim Henderson
The expansion is being conducted through the Delaware-based investment advisory firm’s fund, which seeks to achieve capital appreciation while minimizing risk of loss by investing in underfunded development projects, opportunistic projects and unique situations. The partnership between M1T and Adoba is “one of a shared vision to create jobs and transform the hospitality industry with a business model that benefits developers, hotel owners and investors,” M1T Executive Director Anthony Gude said in a statement. “Adoba’s growth plan is clear and our capital investments over the next five years, along with the Jobs Creation Act, have paved the way for their continued momentum and job creation.”
Adoba President and CEO Jim Henderson says M1T’s investment not only “represents the groundfloor of an expansion to make Adoba’s brand a prominent fixture in major travel markets,” but that it provides opportunities to build from the ground up, renovate existing buildings and create green jobs.
NREI talked with Henderson about how going LEED will impact Adoba and ultimately, in his words, “transform the hospitality industry.” An edited transcript of that interview follows.
NREI: Adoba is the first independent hotel chain to design, build and convert fully LEED-certified hotels. Why aren’t there more LEED-certified hotel chains, and what convinced Adoba and M1T to take this path?
Unfortunately, in the hospitality industry there has been a widespread perception that the adoption of LEED-designed hotels, sustainable procedures and green building technologies still add immense extra cost that is far in excess of the return on their benefits. That is no longer the case.
I believe many industry leaders agree to the importance of sustainability; however, many of the large, branded chains have a clear gap between their leader’s aspirations and true actions due to their enormous infrastructure and the far-reaching amount of individual ownership and ownership groups.
NREI: How will being LEED-certified affect Adoba’s bottom line?
LEED certification boosts economic benefits from savings on energy costs. Green buildings generate higher resale value, offer greater marketing and public relations and reduce maintenance cost. Perhaps one of the most important aspects is their recruiting appeal and retaining of key employees.
NREI: For the average hotel guest, how will staying at one of the future Adoba Eco Hotels differ from staying at a pre-LEED-certified Adoba hotel?
Eco-friendly lodging no longer means roughing it. Green can be luxurious. When you choose to stay at one of our hotels, you are not giving up any of the luxuries we’ve become accustomed to. In fact, Adoba Eco Hotels are the opposite, with our exclusive eco-plush bedding package and our inventive organic menus paired with regional flavors and fashionable designs that strike an elegant balance between earth-friendly and big-city chic. Our new designs are completely sustainable; a true showcase of sustainable innovation met by the highest standards in hospitality.
NREI: What do you think the future holds for eco-friendly hotels? Can the hotel industry afford not to go green?
We believe “Think global, act local.” Sustainability is a powerful and defining idea. It will become a key performance indicator for hotels of the future. With the evolution of technology around eco-friendly practices and sustainable designs, management and reporting will continue to forge a path of greater integration into mainstream hotel operations. It will become a critical operational measurement objective of the hotel just like revenue, quality and service.
Hotels can’t afford not to go green. Increasingly businesses, especially in an industry as large as tourism, are expected to find ways to be part of the solution to the world’s environmental challenges. Innovative companies such as the Adoba Eco Hotel Brand will find ways to turn that responsibility into opportunity and identify actions that have the greatest impact on achieving both the environment and ownership’s objectives.

Sunstone Sells Hotel Portfolio for $230M

ROCHESTER, MN—Sunstone Hotel Investors Inc. has agreed to sell four hotels totaling 1,222 rooms and a commercial retail facility here for $230 million.
The four hotels include the 660-room Kahler Grand, the 271-room Kahler Inn & Suites, the 202-room Marriott Rochester and the 89-room Residence Inn by Marriott Rochester. The company expects to retain a $25 million, 11-percent dividend yield preferred equity investment in the four hotels. The hospitality REIT has interests in 26 hotels comprised of 11,632 rooms.
Sunstone intends to use the net proceeds from the sale of the Rochester Portfolio for general corporate purposes, which may include hotel acquisitions, renovations of our existing hotels, reduction of our debt or preferred securities or other corporate purposes. The sale is expected to close this week.
Ken Cruse, President and CEO, said his team continues to make solid progress against a plan to improve the company’s portfolio quality while strengthening the balance sheet. He said with the U.S. demand-to-supply ratio well above historical norms and his portfolio running at nearly 80-percent occupancy, Sunstone’s pricing power continues to improve.
“By selling the Rochester hotels at a sub-7-percent cap rate on 2012 operating income, we will improve our portfolio RevPAR by over $5.50 (or by 4 percent), while increasing our Hotel EBITDA per key by approximately $625 (or by 3 percent), to over $20,000 on a pro forma basis for 2012. Additionally, this sale will reduce our overall indebtedness by approximately $27 million,” Cruse said in a statement. “Upon completion of the Rochester Portfolio sale, our total debt will have been reduced by $85 million thus far in 2013 when combined with the redemption of the remaining $58 million of our exchangeable senior notes. Following these transactions, our pro forma cash position will exceed $250 million and we will maintain full access to our $150 million credit facility, enhancing our ability to capitalize on a wide range of opportunities consistent with our stated business objectives.

Pebblebrook Buys San Diego Hotel for $122M

SAN DIEGO—Pebblebrook Hotel Trust has purchased the 337-suite Embassy Suites San Diego Bay – Downtown for $112.5 million.
Built in 1988, the hotel was fully renovated in 2006 and completed a $3.5 million guest suites renovation in May 2012. The hotel features a 12-story atrium and panoramic views of San Diego Bay and the city.
The property will be managed by HEI Hotels and Resorts. The property operated at about 83-percent occupied in 2012 with an average daily rate of $198 and RevPAR of $165.
As a part of this transaction, Pebblebrook said it is assuming a $66.8 million secured, non-recourse loan, with the balance of the purchase price being funded by the trust with available cash. The loan, which matures in June 2016, is subject to a fixed interest rate of 6.275 percent.
Jon Bortz, chairman and CEO of the trust, said in a statement that the hotel exhibits strong growth potential. “The hotel is extremely well located at the corner of Harbor Drive and Pacific Highway, just steps away from Seaport Village and the waterfront. This ideal location is only four blocks from the San Diego Convention Center, and six blocks from Westfield Horton Plaza Shopping Mall, as well as a variety of restaurant and entertainment options in the vibrant Gaslamp Quarter. The strong leisure, group and convention demand for San Diego, particularly in this location along the waterfront, makes the Embassy Suites San Diego Bay – Downtown an excellent investment for our company.”

RockBridge, Concord Hospitality Acquire Renaissance Meadowlands Hotel for Undisclosed Price

NEW JERSEY—RockBridge Partners, a division of RockBridge, and Concord Hospitality Enterprises have acquired the Renaissance Meadowlands Hotel for an undisclosed purchase price.

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The new joint venture ownership plans to embark on a $5.25 million renovation that will include the guest rooms and bathrooms, public space upgrades, expanded fitness center and the Renaissance Great Room concept, which will be a redesign of the common spaces within the hotel like the lobby, check in area and restaurant.
The Renaissance Meadowlands Hotel is located less than 10 miles from Manhattan and is convenient to Newark, LaGuardia and JFK airports. Public transportation to Manhattan is within walking distance, and the hotel is located near Interstate 95, the N.J. Turnpike and the Garden State Parkway.
Developed by Concord in 2000 and later managed by the company, the Renaissance Meadowlands Hotel contains 167 rooms. Previously, RockBridge provided first mortgage financing for the property upon its opening.
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