Rental investors have no fear of vacancies: Despite the negative fundamentals, apartments do not lack eager buyers

Article Abstract:

The vacancy rates are high, rents are unsteady, financial returns are weakening, and selling prices are in sticker-shock territory in 2004. Apartment investment has become a high stakes battlefield, since year 2002, with domestic buyers and bargain-hunting foreigners driving up prices for increasingly scarce product.

Financial management, Commodity & service prices, Ontario, Prices and rates, Company investment, Investments, Apartment houses, Apartment buildings, Company pricing policy

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Upscale hotel-condos migrate North

Article Abstract:

The Ritz-Carlton Hotel Co. LLC announced plans for a high-end hotel and condominium tower in downtown Toronto. The $300-million 60-storey tower will be the tallest residential building in Canada. It is scheduled to be completed in 2003.

New capacity, new plant construction, Multifamily Housing Construction, Residential construction, not elsewhere classified, Condominiums, Construction industry, Residential construction, Buildings and facilities, Ritz Carlton Hotel Company L.L.C.

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Hilton agrees to buy back British hotels

Article Abstract:

The agreement of the third largest United States hotelier Hilton Hotels Corp to buy the lodging unit of Britain's Hilton Group PLC for $5.71 billion is discussed.

United Kingdom, Acquisitions & mergers, Mergers, acquisitions and divestments, Company acquisition/merger, Hilton Hotels Corp., HLT, Hilton Group PLC

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