MHI Hospitality Corporation announced that the Company has completed the acquisition of the 172-room former Radisson Hotel in Hampton, Virginia for approximately $7.75 million, or $45,000 per room. The Company has also entered into a 10-year franchise agreement with InterContinental Hotels Group (IHG) [(LON: IHG) (NYSE: IHG - News; ADRs)] through its franchising entity, Holiday [...]
With even modest hotels charging from $200 to $300 a room all over the world (and sometimes more), the smart traveler is frequently turning to the rental of lower-cost vacation homes or apartments.
We have learned that it is rather easy to find, say, a perfectly acceptable $139-a-night apartment in Manhattan to substitute for a Manhattan [...]
It is always a great deal when people are tackling Miami real estate business related issues, because they always assume that Miami real estate market will sort of bust wide open anytime soon. I think it’s funny in a way that people pay big attention to it and critics alike are aiming on it like [...]
The residential real estate market in the Sarasota-Bradenton region, according to market analysts, began to overheat in late 2004 and 2005, and still continues to struggle because of the upsurge of speculative inventory created during that time frame. However, many say the positive news is that the market steadily reduced the level of finished vacant [...]
Ocean View Abu Dhabi, a new real estate company has been formed as a partnership between SBK Holding and Dubai-based real estate consultancy Ocean View.
Since Abu Dhabi’s potential as an attractive property destination is just beginning to be tapped, the new company will market the capital’s properties, including some waterfront developments, to high net worth [...]
The federal government has seized $13.3 million in real estate from Florida venture capitalist Frank L. Amodeo amidst allegations of embezzlement.
Government officials seized the property after the Orlando businessman was accused of buying real estate with money he stole from the now-defunct Mirabilis Ventures, the Orlando Sentinel reported Saturday.
The former venture capitalist is the target [...]
While some multi-family developments are currently under construction in San Diego County, the amount of condominium projects that will begin during the remainder of this year will be minimal, as a significant number of previously proposed condo projects have been delayed, offered for sale by the developer or become bank-owned.
“None of the permits that [...]
For more than 7 years the Greater Metropolitan Toronto (GTA) region has witnessed a red-hot condominium real estate market and an unprecedented condominium construction boom. The record sales reached in 2007 are showing signs of slowing. Forecasts for 2008 Toronto real estate sales indicate that, over the short term, condominium prices may continue to rise, [...]
Asia Pacific’s most outstanding travel and tourism event will be organised with much aplomb in year 2008. Schedule to be held at the Beijing Exhibition Center, China from 19 to 21 June 2008, the 5th presentation of Beijing International Tourism Expo 2008 (BITE 2008) is exceptionally meaningful and significant as it coincides with the much-anticipated [...]