Hotel
Economy Watch: Blackstone Takes Amusement Parks
It seemed like an announcement from the good old days (2006, say): Blackstone Group L.P. is buying a sizable chunk of real estate. But it was in fact on Wednesday when the buyout giant told the world that it was going to spent some $2.7 billion to buy Anheuser-Busch InBev NV’s amusement parks.
Economy Watch: MGM Cuts Condo Prices
In an effort to keep buyers from wriggling out of their deals, and as a simple acknowledgment that the luxury condo market just isn’t what it used to be, MGM Mirage and its partner Dubai World are slashing prices for condos at their City Center development in Las Vegas by 30 percent.
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