Site statistics from a leading online independent travel agency have revealed that city breaks are increasing in popularity when compared to the more traditional beach break choice. The cities of Rome, Venice, Dubrovnik, Prague and New York are amongst the most popular choices for city escapes amongst Britons.
CityCenter Holdings, LLC today announced that it has selected Private National Mortgage Acceptance Company, LLC (“PennyMac”) to serve as a lending resource for buyers of condominiums and condo-hotel units at CityCenter. PennyMac will assist buyers in arranging financing for their residential purchases. CityCenter, a joint venture of MGM MIRAGE (NYSE: MGM) and Infinity World Development Corp, a subsidiary of Dubai World, also announced that it intends to provide a seller financing program to well-qualified buyers, which will also be administered by PennyMac.