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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 18 Jul 2005 01:16:33 -0700
/ Author of the message: alanh_27@yahoo.com |
Title of the message: |
Colony Capital screws its stock-holders
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Text of the message: |
Some years ago, American journalists evoked panic at the news that the Japanese were buying up some of our "crown jewels" such as Rockefeller Center. Months later, it became apparent that the Japs had bought at the top, then took a serious haircut when the assets were marked-to-market Comes now this item: Monday July 18, 2:33 PM Singapore's historic Raffles Hotel and Raffles Holdings' 39 other luxury hotels around the world are to be sold to US investment fund Colony Capital for one billion US dollars. The firms said the deal was worth 1.72 billion Singapore dollars (1.01 billion US), made up of 1.45 billion dollars in cash with the balance being the take-over of Raffles' debt. Singapore-government linked Raffles Holdings has a portfolio of 40 hotels in 33 destinations worldwide, including the Raffles Grand Hotel d'Angkor in Cambodia and the Swissotel Hotels and Resorts chain. |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.