• Condo hotels return
Rising demand for luxury serviced homes is reviving the condo-hotel business across the USA. Leading the charge are hotel innovators Ian Schrager and Barry Sternlicht, reports Bloomberg. 

Schrager is working with Marriott on the Miami Edition, where two penthouses sold for USD34m. Developers are returning to a concept left languishing in the crash of 2008, as consumers vote for convenience.
Read the full story here:
http://www.bloomberg.com/news/2014-07-02/homebuyers-avoiding-chores-fuel-condo-hotel-rebirth-real-estate.html
 
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