News

InterContinental Hotel Group Agrees to Sell London Park Lane for $457 Million

Intercontinental Hotel Group (IHG), the world’s largest hotel group by room count has reportedly agreed to sell its controlling stake in the London Park Lane hotel, located near Hyde Park and Buckingham Palace, London for $457 million. The buyer is said to be Constellation Hotels, a part of Qatar Holding Investment fund.

Fixed-Rate Mortgages on New Rising Spree

While remaining close to its historic lows, the average rate on fixed mortgages increased this week, Freddie Mac announced Thursday.

Man Wanted for Real Estate Fraud Shot by Police in Washington

A man was shot and killed in a two-day standoff with police in Washington on Thursday morning, police said, and he was was wanted in Sacramento for real estate fraud.