Cross-border capital fuels hotel investment
Cross-border investment is becoming an increasingly important force in the European hotel market. Institutional investors, private buyers and hotel groups...
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UC investment unit buys big East Bay hotel for more than $170 million
BERKELEY — The University of California’s investment arm has bought a big East Bay hotel for well under its appraised...
Billionaire’s resort named one of 10 best waterfront hotels in America
M. M. Cloutier | Special to Palm Beach Daily NewsEau Palm Beach Resort & Spa in Manalapan, the wealthy town...
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...