BARCELONA-In Europe's largest single-asset hotel deal of 2001, a consortium headed by Deutsche Bank has bought the Hotel Arts complex for more than $180 million.

ST. PAUL, MN-Home Depot is also looking for a site in St. Paul, and may reconsider using another portion of the Lexington and University avenues site.

ORLANDO-In early 2002, Universal Partners kicks off a $38-million renovation to the 800-room Delta Court of Flags Hotel. The retooling is designed to take the property from an economy hotel into a four-star destination resort in summer 2003.

LAS VEGAS-A recent Grubb & Ellis forecast says Las Vegas' resiliency will keep it growing despite the hard economic times. The city always rolls with the punches. And, good opportunities will prevail for well-capitalized investors.