HOUSTON-The final analysis didn't bear out brokers' reports of increased activity. Occupancy dropped for the fifth consecutive quarter and is now down to 84.7%, according to O'Connor & Associates.

SUNNY ISLES BEACH, FL-Developer Michael Dezer purchased the Suez Motel here, on 3.65 acres of oceanfront property, for $20 million. The Trump Royale, co-developed with Donald Trump, will be located here. Dezer also swapped the Driftwood Motel for the Days Inn Motel down the street.

DENVER-Greg Hartmann, managing director of HVS International, says the 1,100-room Hyatt Regency convention center will need to average $159 a night, at 60% occupancy, when it opens in 2006. That rises to $170 a night two years later, Hartmann tells bond firms.

LONDON-Chief Executive Peter Lewin has stepped down at property development and investment company Newport Holdings, which he founded in 1994. Non-exec chairman Bob Carlton-Porter will take over the reins temporarily as the search for a successor begins.