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Condo-Hotel Bubble Pops, Splatters Many

As more rooms go empty, buyers target developers

By Rob Quinn, Newser Staff

Posted Apr 5, 2008 12:12 PM CDT

(Newser) – Condo-hotel rooms were a hot buy at the height of the housing boom, but marketing them as investments that would pay out every time they were occupied could come back to haunt developers, the Wall Street Journal reports. As business sours, buyers who find themselves... Read full story »

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Condo-Hotel Bubble Pops, Splatters Many

As more rooms go empty, buyers target developers

real estate • SEC • real estate development • hotel • condominium • MGM Grand • condo hotel

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More Newser Stories

Behind the Scenes at America's Biggest Hotel

5K rooms, 8K workers, 12K guests per night at MGM Grand

Land Trust Group Makes Deal to Save Hollywood Sign

Land behind icon will be off-limits to development

Condos Under SF Bridge? Blogosphere Loves It

The Bay Line, aka Bay Bridge to Nowhere, is catching on

CityCenter: Las Vegas' $8.5B Stimulus Bet

Hotel-casino-condo-shopping behemoth brings 12K jobs, optimism to battered state

Looking to Buy a Condo? Act Now

What's bad for luxury developers is good for buyers

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