(LAS VEGAS, NV and DUBAI, U.A.E.) -- The green light is back on for the completion of CityCenter, an $8 billion resort-casino that is being billed by its partners as one of a kind in the world of ... Read More
(CHICAGO, IL) -- Extended Stay America, a 684-budget hotel chain with $4.9 billion in loans due in June, may consider filing for Chapter 11 protection under the U.S. Bankruptcy Code if it can't get extensions on the loans, according to... Read More
(PARIS, FRANCE) -- Accor Hotels is investing about $738,466 on a promotion it hopes will bring it new future international business. Read More
(ENCINO, CA) -- Marcus & Millichap Real Estate Investment Services says two former agents who allegedly stole proprietary and confidential documents, have settled a pending lawsuit. So has the company they work for.The defendants are Gary Imbrie, his son, Ryan,... Read More
(WASHINGTON, D.C.) -- The swine influenza hasn't hit the U.S. hotel industry to date, according to federal Centers for Disease Control and ... Read More
(HENDERSONVILLE, TN) -- STR projects a 9.8-percent year-over-year decline in revenue per available room for 2009, and it expects a 1.5-percent increase in 2010, according to the latest data released from the Hendersonville-based company. Read More
(WASHINGTON, D.C.) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 24, 2009. Read More
(ORLANDO, FL) -- There is a war going on among metro Orlando's space-seeking small service center tenants - and the tenants are winning, reports Lyle N. Nelsen, corporate and industrial specialist at Rebman Properties Inc. It's a war where existing... Read More
(LONDON, UK) -- Data released today from STR Global highlights the plight of local markets in Thailand and puts the effect of the country's recent political disruption into a regional context. Read More
(PORTSMOUTH, NH) -- In Q1 2009, the US Construction Pipeline decelerated rapidly and now stands at 4,918 projects / 619,431 rooms. Compared to the Pipeline peak in Q2 2008, this is a drop of 16% by projects and 21% by rooms, ... Read More
(PHILADELPHIA, PA) -- Most Baby Boomers, like their parents, are choosing to "age in place," but a large and growing number - more than 1.2 million households - are choosing to move to communities designed to meet their needs, ... Read More
(WASHINGTON, D.C.) -- The Federal Housing Finance Agency today reported that the average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or less increased 2 basis points to 5.05 percent in March. Read More
(WASHINGTON, D.C.) -- Sales of new one-family houses in March 2009 were at a seasonally adjusted annual rate of 356,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. Read More
(LONDON & HENDERSONVILLE, TN) -- The Americas region reported declines in all three key performance metrics when reported in U.S. dollars for March 2009, according to data compiled by STR and STR Global. Read More
(NEW YORK, NY) -- Data through February 2009, released today by Standard & Poor's for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, shows continued broad based declines in ... Read More
(ORLANDO, FL) -- Twenty five years after setting a new timeshare standard by becoming the first branded hospitality company to enter the vacation ownership market, Marriott International Inc., is now about to redefine the vacation/destination club industry. Read More
(BEVERLY HILLS, CA) -- If this is a recession with a capital R, nobody has told Sonny Astani yet.The Beverly Hills, CA developer of luxury condominiums for the past 25 years is betting his newest project, the $300 million, 30-story... Read More
(HEMEL HEMPSTEAD, ENGLAND) -- Warner Leisure Hotels is readying its boutique-size properties in England and Wales for an international rebound in traffic from tourists and other travelers.The England-based firm plans to spend GBP5 million ($7.3 million US) over the next... Read More
(ATLANTA, GA) -- Invesco Ltd. sees good money to be made from bad mortgages.The Atlanta-based global investment management company has rounded up a team of mortgage-buying specialists that plans to shell out up to $1 billion in buying so-called toxic... Read More
(LOS ANGELES, CA) -- Home sales increased 63.8 percent in March in California compared with the same period a year ago, while the median price of an existing home declined 39 percent, the California Association of Realtors (C.A.R.) reported today. Read More
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