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New York's famous Plaza Hotel is set to go on sale in an auction next month and experts believe that the five-star hotel could sell for more than $1billion. Billionaire brothers David and Simon Reuben hold the mortgage for the storied five-star hotel and scheduled a foreclosure auction for April 26. The auction was prompted after the hotel's 75 per cent owner Sahara India Pariwar — whose chairman went to prison in 2014 for defrauding investors — defaulted on loan agreements... < snip > Foreign investors are pouring capital into New York hotels at a historic rate. Much of the...

“When Donald opened his club in Palm Beach called Mar-a-Lago, he insisted on accepting Jews and blacks even though other clubs in Palm Beach to this day discriminate against blacks and Jews. The old guard in Palm Beach was outraged that Donald would accept blacks and Jews so that’s the real Donald Trump that I know.” That was author Ronald Kessler in a July 2015 interview with Newsmax, talking about Republican presidential frontrunner Donald Trump’s business practices when it came to building a golf course in the Deep South. In the 1990s, Trump was running into a problem getting his...

Britain will lose out on more than $1 billion in planned investment in Scottish golf resorts if it bans Donald Trump from entering the country, the Republican presidential candidate's company said on Wednesday. It also warned that the millions of Americans who support Trump would be alienated by such a move. The Trump Organization issued the caution after a parliamentary committee on Tuesday set a January 18 date for a House of Commons debate on the issue. A petition on the Commons website calling for Trump to be barred has drawn more than 570,700 signatures -- well over the 100,000...

While signing the bill on Saturday the New Year eve in Honolulu, where he is on year-end vacation, the president expressed many reservations about some of its provisions... The bill for the year 2012 seeks to suspend 60 percent of $1.1 billion US military aid to Pakistan under the category Pakistan Counterinsurgency Fund till the secretaries of State and Defence report to the Congress that Islamabad is making progress in the war against terrorism particularly progress in strategies to counter IEDs... The Obama Administration has maintained that the bill under no circumstances results in suspension of US military aid to...

CARACAS, Venezuela - Three major Caracas golf courses, long favored by the city's wealthy, are being expropriated to build housing for thousands of poor and middle class Venezuelans, officials said Tuesday. The city expropriations, which will likely generate new friction between supporters and opponents of President Hugo Chavez, are part of an ambitious government effort to provide more homes amid an acute housing shortage that has driven up real estate prices. Mayor Juan Barreto's office has ordered the "forced acquisition" of two golf courses and will soon issue another decree expropriating a third course in the ritzy hills of southern...