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Billionaire brothers are making a habit of providing debt, then taking ownership or initiating the sale of hotels

Reuben brothers take over Admiralty Arch hotel development in London, Hova acquires Club Med Gregolimano in Greece on behalf of Primonial, Boscalt acquires Hotel Majestic in Rome, Hotel Investment Partners acquires beachfront resort near Marbella from Mazabi family office, Extendam acquires two hotels in the north-west of Spain, Caskade acquires Hotel Indigo in Birmingham, Leyendecker acquires Stayery in Frankfurt from Schütt, Staycity Dublin Castle sold to BNP Paribas REIM, Northland Properties acquires the Quays Hotel in Sheffield from Furnival, JP Hospitality acquires Hotel Milano in Madon...

And the condo in question isn’t even finished yet. But it has a few features that could justify the price tag, according to those involved with its development and sales effort.  For starters, it’s on the upper floors of the iconic Tiffany Building, above the famous jewelry store and smack in the middle of the action on Worth Avenue. And it includes a recently completed third-level rooftop terrace with a glass-enclosed room and a swimming pool. The floorplan was designed with five bedrooms and about 13,000 square feet of living space, inside and out. About 9,876 of that space would be u...

The Palm Beach Tiffany & Co. building sold for over $26M. (Getty) UPDATED, Dec. 30, 12:10 p.m.: Fortress Investment Group, Hyde Retail Partners and Kean Development sold the Tiffany & Co. building on Worth Avenue for $26.4 million. Records show FRO II 259 Worth Owner LLC sold the building at 259 Worth Avenue in Palm Beach to 259 Worth Avenue LLC, a Delaware corporation that links to London real estate firm Motcomb Estates Limited. The sale only includes the ground floor of the building. On the top floors, Kean and its partners are planning a luxury penthouse condo.  The partnership bought th...