Activist investor Carl Icahn has won the bidding war for Pep Boys, beating out Bridgestone Corp. to claim the Philadelphia-based automotive aftermarket chain. The deal is valued at roughly $1 billion—a staggering number when compared to the ...

The ongoing capital investment needs of hotels are typically greater than those of other real estate asset classes. Hotels are made up of a large number of depreciable components that wear out with guest use, become obsolete or require updating to...