Great Eagle buys NY hotel for US$229m
Great Eagle Holdings said it reached an agreement last week to acquire a hotel property on Fifth Avenue in the heart of midtown Manhattan, New York, for US$229 million. The deal came two months after Great Eagle's acquisition of a luxury hotel in downtown Sydney. The hotel property, developed by Bizzi & Partners Development, has a gross floor area of about 297,000 square feet and is part of a 60-floor luxury building, offering 214 guest rooms. Peggy Sito
Three firms probed over AIJ scandal
via Business feed http://www.scmp.com/business/china-business/article/1056091/business-digest-october-8-2012
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