Investment
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Chinese hotel trust look to sell 600 million shares   9 Jul, 2014

A Chinese hotel trust has started taking orders for a Hong Kong initial public offering that is expected to raise up to $437 million, the Wall Street Journal is reporting.More>>

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Carlson Rezidor to open more than 130 hotels in India   9 Jul, 2014

he company seeks to increase its footprint in the country with an anticipated 130+ new hotels.More>>

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Mori Trust to expand hotel reach in Japan   9 Jul, 2014

Japan's Mori Trust Co. is planning to expand its hotel business spurred by a rising number of inbound tourists and business travelers, Bloomberg is reporting. Mori is considering the renovation of several hotels and development of new resorts in Japan. More>>

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China's richest man now taking on Chicago   9 Jul, 2014

The Chinese are coming. And it's not just tourists but filthy rich developers, too. China's richest man is set to build a luxury hotel in Chicago. Wanda Group, controlled by Wang Jianlin, says it will invest $900 million in a five-star hotel and apartment complex in the Windy City, as it continues...More>>

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German hotel developer looks to expand in Middle East, Europe   9 Jul, 2014

German hotel operator Steigenberger is looking to build on hotels already in the pipeline throughout Dubai and Doha, as well as other cities across the Middle East and Europe. More>>

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Seattle developer buys Victoria's Fairmont Empress    8 Jul, 2014

Nat Bosa, the developer of the two-tower Insignia project in downtown Seattle, and his wife have purchased the Fairmont Empress in Victoria, British Columbia, for an undisclosed amount. However, the hotel is valued at $89.9 million Canadian. More>>

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SREE acquires South Carolina Courtyard   8 Jul, 2014

SREE Hotels, a hotel development and management company based in Charlotte, N.C., has announced the acquisition of the 189‐room Courtyard by Marriott Columbia Downtown at USC in Columbia, S.C. The new owners plan a $4-million renovation to upgrade the interior and exteriorMore>>

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Financing boost, amenities spur condo-hotel resurgence   7 Jul, 2014

Major U.S. cities like New York City, Miami and Los Angeles are leading the development of properties that combine a demand for luxury homes with high-end, full-service hotel amenities at premium prices. In some cases, residences are connected to the lodging segment so that owners can take...More>>

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SABMiller pulls out of South Africa's Tsogo Sun Holdings   7 Jul, 2014

SABMiller, the world’s second-largest beer brewer, is reportedly selling its stake in the South African hotel and casino group Tsogo Sun Holdings. SABMiller's 39.6-percent stake in Tsogo Sun is worth about 11.7 billion South African rand, or about $1.1 billion.More>>

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Starwood continues dual-brand development strategy   7 Jul, 2014

Starwood Hotels & Resorts has revealed plans for a dual-branded hotel development in East London. The new site will include hotels under the Aloft and Element flags. The development is expected to open in early 2017 in the Tobacco Dock area of East London. More>>




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