Apartment rents need to jump sharply or sales prices must plummet further before the market reaches a balance, says Dick Ayres, convener of the Auckland CBD Apartment Investment Group.
He said rents needed to rise before savvy investors could justify some of the prices being demanded by vendors.
Ayres was responding to an article in yesterday’s Business [...]

With just five days to go until the Super Bowl, there’s no need to stress about finding a hotel room as there are plenty of options available.
Even Club Med Sandpiper in South Florida wants to get in on the Super Bowl action, despite being a two hour drive from Miami. From Feb. 2-8, the resort [...]

THE Miss Tourism Zimbabwe event held last Saturday at the Rainbow Towers Conference Centre in Harare made it plain that those who wish to be the country’s tourism ambassadors should be conversant with resort areas.
The idea of having each model talking about their hometown and tourist attraction centres as a way of educating visitors about [...]

SOUTHINGTON - LePage Homes may have a site plan that’s already been approved by the Conservation Commission, but a public outcry at Tuesday’s Planning and Zoning Commission meeting showed LePage does not have the support of some vocal neighbors surrounding the proposed development.
During a public hearing that ran for more than two hours before [...]

Indian Hotels Co. Ltd., operator of Taj Hotels, Resorts and Palaces, confirmed today that it has signed an agreement to purchase the Ritz-Carlton Boston for $170 million.
The 79-year-old Back Bay hotel will be renamed the Taj Boston when the deal with current owner Millennium Partners closes on Jan. 11, the Mumbai, [...]