Los Angeles rises to second place for commercial real estate investment - Gap closing between 'Big Seven' and the chasing pack Shanghai, Sydney and Amsterdam surging - Investors still cautious of cities in 'Emerging' economies, which struggle to reach Top 30 global rankings
Marriott Hotels makes a landmark debut steps away from the Great Pyramids of Giza, one of the Seven Wonders of the World. The company announced the rebranding of the legendary Mena House, a historic palace which has played host to Kings and Emperors, Heads of State and celebrities for over 130 years.
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement for the 144-key Hyatt Place Aguascalientes with affiliates of Promotora Comercial Abadan, S.A. de C.V.
The Company purchased from the current owner the entire equity capital of two entities that together own Castello di Casole, one of the largest private real estate properties in Tuscany. The purchase price, including transaction costs, is approximately 39 million ($48 million) with a possible further 2.85 million ($3.5 million) payable contingent upon certain real estate sales being realized.