Billionaire Ron Burkle’s Soho House group hit a $2-B valuation after raising $100-M from new investors to fund 2Xing the size of its chain of hotels and private members’ clubs around the world. The valuation marks a solid return on the investment for Ron Burkle’s investment fund Yucaipa which took a majority stake in the elite hospitality […]
$GBP, $USD Wednesday, British Prime Minister Theresa May’s government survived a no-confidence vote, a day after her BREXIT deal was overwhelmingly rejected by lawmakers. The House of Commons expressed confidence in the government by 325 votes to 306, meaning Mrs. May can remain in office. There was no effect on US financial markets. Tuesday, UK […]
London’s The Arts Club to Open in Dubai The Arts Club will be located in the $1-B ICD Brookfield development in Dubai International Financial Centre London’s private The Arts Club is to open its 1st overseas location in Dubai next year. The club, spanning 64,000sqft, will be located in the $1bn ICD Brookfield development in […]
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Dubai’s Burj Al Arab Opens New Luxury Terrace The beach leisure facility was built and shipped from Finland Dubai luxury hotel Burj Al Arab unveiled its new beach leisure facility, called the Terrace, Wednesday. The facility, operated by Jumeirah, was opened by Vice-President and Prime Minister of the UAE and Dubai’s ruler His Highness Sheikh […]
Luxury Condominium Properties Now Coming With Private Jets Not too long ago, rooftop pools, gyms and golf simulation rooms were amenities that helped sell a high-end condominium, no longer. As the luxury housing market expanded after the Y 2008 financial crisis, developers expanded the luxuries with screening rooms, wine cellars, and concierges. Now comes a new development […]
