The Toyoko Inn Co., Japan’s largest business hotel chain operator, plans to open a business hotel next year in the city of Daejeon, central South Korea, officials from the Daejeon municipal government said Thursday.
The Toyoko Inn Development Korea Co., the Japanese firm’s South Korean unit, and local firm Solomon Holdings Co. have signed a deal [...]
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 [...]
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, [...]
Oman International Trade & Exhibitions, leading organizer of exhibitions, conferences and events today announced its 3rd property and real estate exhibition, the International Property Exhibition (IPE) from the 15th to 17th April, 2008. Scheduled to be held at the Oman International Exhibition Centre, this three day event will showcase a full spectrum of services in [...]
Agilysys, Inc., a leading provider of innovative information technology and hospitality software solutions, announced today that Paragon Casino Resort in Marksville, La. has selected Agilysys to provide a wide range of software solutions for the 531-room property, which recently completed an expansion that added an eight-story atrium and more than 200 guest rooms.
Paragon Casino Resort [...]
Real estate entrepreneur Jeanne Rizzotto has a penchant for unusual projects, and creating the Of Course RV Resort LLC (http://www.ofcourservresort.com), the first of many motor coach resorts in the nation to include a designer golf course, is her most unusual endeavor to date. Located just north of the historic mountain town of Red Lodge and [...]
A developer who wants to build an office and condo complex within the Middlesex Fells Reservation is taking an unusual bypass around a stubborn bottleneck in the environmental review process: The Gutierrez Co. is saying it reduced the project so much to satisfy public concerns that it no longer needs state permits to build it.
more [...]
Two years ago, Angie Cifarelli of New Jersey signed a pre-construction contract to buy a condo at the Residences at Midtown in Palm Beach Gardens.
Purchase price in the contract: $404,500.
Last month’s appraised value of the newly completed condo: $200,000.
A property worth less than half its value in 2006 is all you need to know about [...]
