Word: hotelling
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...British media are speculating that Jackson, who has been staying at the $11,000-a-night Royal Suite at the Lanesborough Hotel, is staging this comeback - for which tickets go on sale on March 13 - to help pay off the debts he has incurred since a court cleared him of sexual-abuse charges in June 2005. (He hasn't performed a full concert since then.) In November 2008 the singer reached an undisclosed settlement with Sheik Abdulla bin Hamad Al Khalifa, the prince of Bahrain, who was suing Jackson for $7 million over claims he reneged on a contract...
...York City hotel industry's unfortunate decision to keep building: "Occupancy tumbled roughly 15 percent from a year earlier in January, while average room rates fell 15 percent. While much of the weakness reflects softening demand, an industry contact notes that about half the decline in occupancy rates is due to new hotels opening; the total number of hotel rooms in Manhattan is expected to increase by roughly 7,000 (10%) in 2009, or more than triple the net increase...
...investment was the best investment you could make over time," she said, the closest she comes to acknowledging a mistake. Orman owns five homes, although she's not sure she'll make a profit on the last one she bought--a luxury apartment in New York City's Plaza Hotel, which she purchased for $3.6 million in December 2007, at the peak of the market. (At least she paid for it in cash.) (See pictures of modernist houses...
...Beyond state aid and property taxes, the city has a limited number of revenue sources, which include building permits, hotel and motel taxes, and water and sewage revenues, all of which have decreased in recent months, Healy’s Feb. 2 memo reported...
...five houses on one piece of Florida property. His main house is 24,000 sq. feet and has a guest suite designed to look exactly like the presidential suite in the George V Hotel in Paris...