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Five Favorite Cities of the Ultra-Rich (PHOTOS)

The rich have their reasons for investing in or favoring a particular city. While some cities win with their “business importance and trade hub” features, others acquire an edge for being a “prospective developing city”. Check out the top five favorite cities of the rich in the slideshow here.

New Hyatt Regency Hotel to Open in Tashkent, Uzbekistan by January 2015

An affiliate of the Hyatt Hotels Corporation has reportedly entered into an agreement with a state unitary enterprise of Uzbekistan to build a brand new Hyatt Regency Hotel in the city of Tashkent. The hotel will help boost the already strong tourism sector of the country.

James Packer Reveals Design Finalists for Upcoming Crown Sydney Hotel

James Packer, renowned billionaire businessman and hotelier has revealed the designs for his upcoming hotel/resort project, The Crown Sydney Hotel, which is slated to be a part of the $6.21 billion Barangaroo Project.