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Noble Investment Group acquires Ft. Lauderdale Renaissance   29 Apr, 2015

Noble Investment Group has acquired the Renaissance by Marriott Fort Lauderdale Cruise Port. The hotel is located close to the Las Olas/Downtown central business district, Fort Lauderdale International Airport, the Fort Lauderdale Cruise Port and the Broward County Convention Center. The property...More>>

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Tropicana in Las Vegas to be sold for $360 million   29 Apr, 2015

The Tropicana Hotel and Casino in Las Vegas is being sold for $360 million, reports The Associated Press. A group of shareholders, including private equity firm Onex Corp., say they will sell the 58-year-old Tropicana to the casino operator Penn National Gaming Inc. The deal is expected to close...More>>

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International brand investment indicates optimism for Egypt   29 Apr, 2015

While Egypt is still struggling to bring its visitor numbers back to where they were in 2010, several international hotel companies are signing deals to open new upscale and luxury hotels throughout the country—a strong sign of optimism.More>>

The Royal Palms Resort and Spa in Phoenix is part of Destination Hotels & Resorts. Newswire
Wobbly resort sector finds steady footing   20 Apr, 2015

With the hotel industry firmly back on its feet and the overall U.S. economy humming, resorts appear back on solid groundMore>>

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Tetrarch Capital buys Clonmel Park hotel in Tipperary, Ireland   17 Apr, 2015

Irish investment group Tetrarch Capital has acquired the the 99-room Clonmel Park Hotel in Tipperary, Ireland, The Irish Times reports. The former Brennan group hotel had been placed into receivership by AIB. The final sale price was not disclosed.More>>

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Supertel closes sale of two Ga. hotels; will sell two more in Va.   17 Apr, 2015

Supertel Hospitality announced that it has closed on the sale of two Savannah Suites hotels in Georgia: the 172-room Savannah Suites, in Augusta, which sold for $3.4 million, and the 120-room Savannah Suites in Chamblee, which sold for $4.4 million. The company applied $4.1 million of the proceeds...More>>

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Hotel planned for former College Football Hall of Fame property    15 Apr, 2015

Local South Bend, Ind., affiliate, WSBT, is reporting that the former College Football Hall of Fame is being sold to to JSK Development, a hotel development and management company, which has plans to convert it into a corporate headquarters with a hotel on the premises. More>>

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Summit closes on $39M acquisition of Minneapolis Hampton   15 Apr, 2015

Summit Hotel Properties has closed on the $39-million acquisition of a new 211-room Hampton Inn & Suites in downtown Minneapolis from Mortenson Development.The hotel opened on Aptil 13 and reportedly is the first new hotel to open in downtown since 2009.More>>

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Traveloge may sell for more than $1.4 billion   13 Apr, 2015

Just three years after the hotel chain’s current owners took control of Travelodge from Dubai International Capital as part of a massive financial restructuring that reduced its debt to $480.6 million from $927 million, the British economy brand may be up for grabs.More>>

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San Diego DoubleTree sells for $49 million   8 Apr, 2015

The 219-room Doubletree hotel in Mission Valley, Calif., a neighborhood of San Diego, has sold for $49.25 million to Oak Coast Properties, a four-year-old investment firm that invests in retail, residential and hotel properties, UT San Diego. The deal comes on the heels of the sale last week of San...More>>

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