News

Papal Conclave Boosting Rome’s Struggling Recession Hit Economy and Hotel Business

As the rituals of selection of a new Christian head- the Papal Conclave starts Tuesday, March 12, Rome will not only welcome a new pope but has also been garnering economic hope. Since the announcement of Pope Benedict XVI’s resignation, Pilgrims have been flocking the Italian capital, boosting business for hotels and souvenir shops.

Overseas Union Enterprise to Buy Tallest Tower in California, US Bank Tower

Overseas Union enterprise Ltd. (OUE), a major Singapore based hospitality and property group has announced that it will be buying the U.S. Bank Tower in downtown Los Angeles, California for $367.5 million in a bid to expand its portfolio in the country.

Southampton’s Linden Estate Returns to the Market Asking $45 Million

The famed Southampton Linden Estate has returned to the market after speculations of being sold to Netscape founder, Jim H. Clark were proved wrong. The estate has now been listed for $45 Million.