Hyatt Hotel Corp. said it would acquire Dream Hotel Group’s lifestyle hotel brands, including Dream Hotels, The Chatwal Hotels, and Unscripted Hotels. Hyatt would spend $125 million for the Dream Hotel Group’s dozen open hotels, with more than 1,700 guest rooms worldwide.
U.S. life insurers paid a record $100 billion in 2021 in death benefits, an 11% increase. The increase was on the heels of a 15% year-over-year rise in 2020, when death-benefit payments totaled $90.43 billion.
Fortress Investment Group has agreed to help finance Kushner Cos.’ unsolicited $4.3 billion bid to buy rival apartment building owner Veris Residential Inc.
Investor buying of homes tumbled 30% in the third quarter. Companies bought around 66,000 homes in the 40 markets tracked during the third quarter as compared with 94,000 homes during the same quarter a year ago.
Investors have poured more than $86 billion into U.S. equity mutual and exchange-traded funds in 2022. That is on track to mark the second-highest sum since 2013, following last year’s inflows of $156 billion.
Home sales fell for a ninth straight month in October as high mortgage rates continue to push buyers out of the market.
San Francisco airport took first place in The Wall Street Journal’s first ranking of the country’s busiest airports since 2019. Atlanta and Minneapolis filled out the top three.
Americans took out $66 billion in home-equity lines of credit in the second quarter, a 40% increase from a year ago and the largest amount in almost three years.
The population of the planet is set to hit 8 billion Tuesday, according to projections from the United Nations that forecast the number will grow to 8.5 billion by 2030 as life expectancy rises.
