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UK Property

Tulip Real Estate Acquires Premier London Hilton Property in £30 Million Deal from Lone Star

Image Description: Sidd Mahajan is the founder and managing director of Tulip Real EstateLONDON, June 07, 2025 (GLOBE NEWSWIRE) -- In a landmark move that solidifies its presence in the UK's luxury hotel market, Tulip Real Estate, led by founder and managing director Sidd Mahajan, has acquired the prestigious 5-star Hilton London Syon Park for approximately £30 million. Image Description: Hilton London, Syon Park Get the latest news delivered to your inbox Sign up for The Manila Times newsletters By signing up with an email address, I acknowledge that I...
USA Property

Property tax reimbursement plan for GSR arena project approved

Reno redevelopment agency approves GSR arena project TIF contractReno's redevelopment agency voted 5-2 to approve the GSR arena project's tax-increment financing contract.The Reno redevelopment agency, which is made up of the city council members, voted in 5-2 to approve the tax-incremental financing contract with the Grand Sierra Resort’s phase one arena project.The deal would require GSR to be reimbursed 90% of its property tax, while the redevelopment agency would keep 10% of the property taxes. It sunsets in 2035.GSR owner Alex Meruelo said he would give the lease to the...
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