Tag: Hospitality Project

Leading property developers are pulling out of hotel project

June 23, 2008 – 12:17 am

Leading property developers are pulling out of proposed deals with hospitality majors, including Royal Orchid Hotels and Ramada Worldwide, as cash flows in the real estate sector are slowing. Realtors are reconsidering plans to go into the hospitality sector.

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More Realtors Check Into Hospitality

May 9, 2008 – 4:13 am

Fearing a supply glut in the housing and commercial property markets, real estate companies are pinning hopes on the booming hospitality sector. It’s not that the trend has just set in. It has certainly gained momentum of late, with practically every developer announcing hospitality projects.

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