Fresh Stimulus Propels Emerging Markets to Fourth Week of Gains
Emerging-market currencies dipped Friday on dwindling optimism over Federal Reserve rate cuts, paring their fourth-straight week of gains.
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Emerging-market currencies dipped Friday on dwindling optimism over Federal Reserve rate cuts, paring their fourth-straight week of gains.
The owner of a historic office building in Manhattan’s Financial District has filed bankruptcy to sell the property, which has been subject to foreclosure and suffered from a lack of tenants due to the Covid-19 pandemic.
Deutsche Bank AG has entered a capital-relief deal with the European Investment Bank that allows the German lender to grant discounts on more than €600 million ($652 million) of green mortgages in its home market.
A unit of Abu Dhabi’s Mubadala Investment Co. said it anticipated a roughly $315 million credit hit related to loans issued to the now-insolvent Signa real estate conglomerate.
The Teranet-National Bank composite house price index which tracks home prices in 11 of Canada's largest cities remained stable from March to April.
Dec 18, 2019
Bloomberg News
,(Bloomberg) -- A Washington hotel is positioning itself as a “haven for the liberated forward thinker” with a mural of Ruth Bader Ginsburg and a name reminiscent of a warrior princess.
Pebblebrook Hotel Trust announced plans to open Hotel Zena in Washington next year, promising “a rebellious and defiant yet playful energy” and what Chief Executive Officer Jon Bortz called “the first hospitality establishment solely dedicated to celebrating the accomplishments of women.”
Pebblebrook bought the Logan Circle property, previously known as Hotel Donovan, in 2018 and began renovations, hiring Dawson Design Associates to create an “ode to feminine strength, celebrated by all genders, races and sexualities.”
While the hotel doesn’t explicitly align itself with a political party, the mural of the liberal Supreme Court justice appears designed for partisan appeal and represents an effort by hospitality companies to tailor lifestyle brands for ever-narrowing segments. Another Washington hotel, the Eaton, has sought to position itself as a catalyst for social impact.
The Zena will be a part of the Viceroy Urban Retreats portfolio and Pebblebrook’s unofficial Z collection.
(Corrects quotation in first paragraph and adds fifth paragraph.)
To contact the reporter on this story: Patrick Clark in New York at pclark55@bloomberg.net
To contact the editors responsible for this story: Craig Giammona at cgiammona@bloomberg.net, Philip Gray
©2019 Bloomberg L.P.