Word: hotels
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Dates: during 2000-2009
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...nouveau swags on the façade of Art Hotel Boston, which despite its name is not in Massachusetts but in Turin, give no hint of the modern-art bonanza within. Guests check in beneath a poetic fusion of paint, cement and metal by Torinese artist Marco Gastini. A triptych by Roy Lichtenstein and a watercolor by Lucio Fontana hang in the bar. But it's the plethora of paintings, photographs and sculptures by lesser-known Italian talents - Luigi Ontani, Carla Accardi, Nicola Bolla - that suggest this is a private passion made public...
...want my hotel to feel more like a private house than a museum," explains owner Roberto Franchi, adding that he first decided to display his artworks when he ran out of space at home. "This way, I can look at my art all day and other people can enjoy it too." Recently, his collection has been boosted by loans, including a canvas by Alberto Burri, from the Giov-Anna Piras Foundation of contemporary art in nearby Asti. (See TIME's Global Adviser for exotic, beautiful and interesting getaways...
...bursting and throwing thousands out of work in his realm a year ago, Dubai played host to probably the biggest party ever thrown in the Middle East: a $20 million red-carpet extravaganza, with fireworks visible from outer space, to celebrate the opening of the $1.5 billion Atlantis hotel and resort. (See a story about whether Dubai's problems will spread...
...resisted, and are now in negotiations in with Dubai World. The banks may have limited options. It does little good to go after Dubai's overseas holdings because those have largely been into the troubled real estate market as well. Those holdings and joint ventures involve the Essex House hotel in New York City, the W Hotel group, MGM Mirage in Las Vegas as well as smaller interests in such properties as Raimon island in Thailand...
...hibernating behind a curtain of oil wealth or dabbling, sometimes disastrously, in Middle East politics, Sheik Mohammed began transforming oil-poor Dubai from an Arab backwater into a global city. Within a decade Dubai had a world-class air carrier in Emirates Airlines and a glamorous, iconic "seven-star" hotel, the Burj al-Arab, as high as the Eiffel Tower. Within another decade, Dubai had become truly a global hub - the largest international financial center between Singapore and Europe, a regional headquarters for global brands from investment banking to bespoke tailoring, and a destination for more than 6 million tourists...