Palace sale approved, details released. (New York Palace hotel, New York, New York sold to Sultan of Brunei Muda Hassanal Bolkiah for $202 million)

Real Estate Weekly | November 10, 1993 | Copyright

The court appointed three arbitrator panel approved the sale of the New York Palace to the Sultan of Brunei for $202 million last week, after a year-long search for a buyer. The 46-year old Sultan Hassanal Bolkiah is the richest man in the world, says Forbes Magazine, but according to people close to the deal, he did not choose the hotel or make the offer lightly.

In fact, sources say, using a method that is becoming more common in making real estate investments in today's marketplace, his advisors conducted extensive due diligence long before, as well as after, the ...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

Spree.com Introduces New Internet Business Model Offering Profit Sharing Opportunity to All Visitors
PR Newswire ; ...THORNTON, Pa., Sept. 9 /PRNewswire/ -- Spree.com launched its Internet business today...Adoption Center and CareerMag among others, Spree.com is offering this business opportunity to anyone who joins the community as a Spree Independent Partner(SM) (S-I-P...
Spree.com Announces New Online Software Store With Digital River.
Business Wire ; ...BUSINESS WIRE)--June 2, 1999-- Spree.com, "where it pays to shop" and home of the Spree Independent Partner (SIP) Program - the...inventory of software and digital products through Spree.com's Internet marketplace (http...
Spree.com and Fleet Credit Card Services Sign Internet Commerce Strategic Partnership Agreement.
Business Wire ; ...commerce strategic partnership agreement with spree.com, a leading online shopping rewards...potentially begin shopping online in seconds. Spree.com has developed a turnkey marketing...referral program, bring valuable rewards to spree.com partners and their customers...
Spree.com's Partner Program Pays More Than Amazon.com or Barnes & Noble.
Business Wire ; ...BUSINESS WIRE)--Sept. 15, 1997--Spree.com, the Internet retailer "where it...guarantees that the commissions its pays to its Spree Independent Partners will meet or exceed...ll prove it with our guarantee," said Spree.com President Mike Dever. "We pay our...
Spree.com to Present at Red Herring Venture Market East.
PR Newswire ; ...CAMBRIDGE, Mass., Sept. 29 /PRNewswire/ -- Spree.com -- "your cashback connection," is...program on the Internet. The centerpiece of spree.com's shopping rewards program is the spree marketplace -- a top-25 Internet marketplace...
Spree.com Launches Fund-Raising Cash Rewards To Benefit Both Community Groups and Their Members.
Business Wire ; ...Members Shop at Over 250 Quality Merchants Spree.com, the No.1 shopping rewards program...Community groups refer their members to Spree.com. An enrolled community member receives...rewards for all their online purchases. Spree.com will then contribute an additional...
Spree.com Pioneers Cooperative Commerce On The Internet With HP UX And Windows NT.
Business Wire ; ...BUSINESS WIRE)--Sept. 22, 1997--Spree.com is partnering with Hewlett-Packard...newly introduced Domain solutions. Spree.com selected HP because of its reputation for service and reliability. "Spree.com's aggressive marketing plans...
Spree.com Receives $13.5 Million Investment From Three Leading Venture Capital Firms; Spree.com's Cashback Rewards Bring Commerce to Content and Community.
Business Wire ; ...it led a $13.5 million investment in Spree.com Corporation. Technology Crossover...Capital were the primary co-investors. Spree.com allows consumers to earn Cashback...deliver compelling value to their members. Spree.com's inherent appeal has helped it...
Spree.com, First Web Site Community to Offer Free Web Sites With Unlimited Space, Partners With Wired Digital and Usa.net to Market Services Online.
Business Wire ; ...BUSINESS WIRE)--Aug. 10, 1998--Spree.com (http://www.spree.com) today announced that its groundbreaking...AmExMail and Netscape WebMail, will promote the Spree.com free Web site services to a combined audience...
Spree.com Alerts Shoppers How to Make $1.2 Billion While Buying Online This Holiday Season.
Business Wire ; ...gifts. But innovative online shopping mall Spree.com stands ready to send cash back to...to pay shoppers more than $1 billion. Spree points to forecasts by leading analysts...up from $10.5 billion in 1999. And Spree.com is ready to help buyers cash in on...

Find more facts and information related to the article "Palace sale approved, details released. (New York ..."