PropertyO News
Commercial property, May 2009
Ready to restart macau projects
Las Vegas Sands Chief Sheldon Adelson has said he may have arranged financing necessary to restart stalled construction projects in Macau and the United States by the end of 2009...
Thu, May 28, 2009
The living is easy in larnaka
Proving that the credit crunch doesn't have to dampen the holiday spirit, super-budget hotel operator easyHotel is offering a special €15 (£13) introductory room rate to celebrate the launch of its latest hotel, easyHotel Larnaka...
Wed, May 27, 2009
The love hotel
Renting a hotel room by the hour has always conjured up images of a seedy, backstreet venue attracting those with something to hide - not so, says the Japan Leisure Hotels group, which aims to buy up more of Japan's ‘love hotels' and create a lucrative sector attracting young professionals seeking a classy spot in which to spend their leisure time - or an hour of it at least...
Tue, May 19, 2009
Extra help for nakheel?
State owned developer Nakheel could be in line for extra financial help from the Dubai Government later this year from its £6.6 billion bail out scheme that was launched in February...
Mon, May 18, 2009
Dubai projects to be scrapped
Up to 27 property projects in Dubai are set to be cancelled under new rules that give the Real Estate Regulatory Authority (RERA) the power to stop unviable developments...
Fri, May 15, 2009
Hotels look east
Hotel property companies are looking East, particularly to China and India, for growth as traditional locations suffer from falling revenues due to holidaymakers and business travellers cutting back to save money in the global downturn...
Wed, May 13, 2009
Mandarin oriental hits moscow
The luxury Mandarin Oriental Hotel chain has unveiled its plans for its first five-star hotel development in Moscow, Russia...
Tue, May 12, 2009
Big bucks owed to uae contractors
Property contractors in Dubai are still owed billions from developers, many of them state linked, and are demanding some kind of assurance that they will be paid soon...
Tue, May 12, 2009
Us navy hq sets sail
Plans led by Richard Caring to redevelop the US Navy headquarters in London's Grosvenor Square were given the go ahead last night by Westminster City Council...
Tue, May 12, 2009
Nakheel bailed out
The developer behind some of Dubai's most extraordinary property projects revealed on Monday that it had resorted to taking funding from the emirate's department of finance to help pay invoices...
Tue, May 12, 2009