With lending still tight in the Caribbean, several island nations are embracing an unorthodox method of financing resort and villa projects: selling citizenship. The Caribbean vacation-home market has seen an uneven recovery from the downturn.

Hoteles City Express, S A B de C V announced today its intention to launch an offering of common stock in a global primary and secondary offering both in Mexico and internationally, subject to market conditions and the receipt of certain regulatory authorizations.

The hottest hotel market in America may be at the lowest point on the map. As tourists flock to the Florida Keys, home to the southernmost geography in the United States, real estate investors are following, in search of a piece of the booming island action.