Against All Odds, London Is in the Middle of a Luxury Hotel Boom
More than 10,000 new hotel rooms will have come online since the pandemic started, almost half of which are at premium price points.
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More than 10,000 new hotel rooms will have come online since the pandemic started, almost half of which are at premium price points.
Indian billionaire Gautam Adani become the richest person in Asia this year. Now, a vast empire-building exercise is making him one of the region’s busiest dealmakers.
In 2018, after the Harry and Linda Macklowe disagreed on the value of the art during their contentious divorce proceedings, a judge ordered the trove be sold off. The haul from the second portion of their collection, auctioned at Sotheby’s on May 16, made it all the most valuable ever sold at auction.
Warren Buffett’s Berkshire Hathaway Inc., which cut many bank holdings as the pandemic bore down on the US, is back with a roughly $2.9 billion bet on Jane Fraser’s Citigroup Inc. even as it said goodbye to a long-time stake in Wells Fargo & Co.
Property values in Los Angeles County are projected to rise by a record $100 billion this year, providing a boon to municipal coffers on the back of a hot housing market.
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