San Diego made history last year when the upscale Inn at Rancho Santa Fe sold for a stunning $1.2 million a room — even as the volume of hotel transactions experienced one of the biggest declines the county has seen in 15 years.
The pricey sale of the 85-room inn belies a distressing trend seen not just locally but across the hotel real estate market statewide: a sharp downturn in sales fueled largely by high interest rates and a skittishness among lenders to finance costly transactions.
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SCOTLAND’S newest luxury hotel has officially opened its doors today (1st March) as The Address Glasgow is set to impress guests from around the world with four star elegance, indulgent luxury and a state of the art wellness centre.
Bookings are open for both the hotel and its destination restaurant North – book via ww.theaddressglasgow.com
Located in the heart of the city on Glasgow’s Renfield Street, the 95 bed hotel celebrated its opening night by showing off its stunning interiors with a launch party that included live performances from tribal band Clan Ann Drumma, a spectacular fire dancer, and a…