Recently, Bloomberg.com reported growing interest in real estate investments in India, hilighting Donald Trump Jr's announcement of the possibility of setting up a $1 Billion real estate fund for India investment.
The Ritz-Carlton chain has purchased what is currently the St. Regis on Fort Lauderdale Beach, maintaining the upscale image that is growing for the area.
The new owner's stated upon the purchase that Fort Lauderdale is.. "a sought after destination for both leisure and group business." He went on to laud the year-old waterfront resort for offering "the largest oceanfront ballroom in the city, a spacious and stylish spa and memorable ocean and Intracoastal Waterway views."
With prices dropping in the US, we're starting to see more activity from foreign real estate investors. As I recently posted, there's much activity from south of the border with Mexican investors buying up properties in Texas for instance.