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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: condo hotel

condo hotel stories: 3 news summaries

 Buyers Lose $32 Million as 
 Trump's Baja Bet Folds 

Donald's name drew deposits which couldn't be refunded

Mar 7, 09 8:29 AM CST
(Newser) - Donald Trump lost some very big fans when his  luxury hotel-condo plan in Mexico collapsed, leaving little more than a hole in the ground and investors out of $32.2 million in deposits, the AP reports. Trump and his children heavily promoted the resort on the northern tip of Mexico's... More »

MORE ABOUT:
Mexico • Donald Trump • housing • Ivanka Trump • condominium • resorts • condo hotel

Fla. Developer Offers Investors Green Cards

Foreigners with $1M cash can get US residence

Jan 28, 09 7:12 PM CST
(Newser) - Foreigners still interested in the American dream can get permanent residence in the US by investing $1 million in a Florida condo-hotel project starved for credit. The government-approved offer gives investors a conditional visa in exchange for the investment, the Orlando Sentinel reports. If the foreigners can prove within two... More »

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immigration • visa • green card • Orlando • private investors • investor • Walt Disney World • condo hotel

Condo-Hotel Bubble Pops, Splatters Many

As more rooms
go empty, buyers
target developers

Apr 5, 08 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 making mortgage payments on empty... More »

MORE ABOUT:
real estate • SEC • real estate development • hotel • condominium • MGM Grand • condo hotel

3 Stories


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