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At HMSS, leading hoteliers discuss management strategies in Singapore   24 Nov, 2014

The recent Hotel Management Singapore Summit welcomed 160 attendees from nine countries and regions and featured keynote speeches, panel discussions and exhibitor displays encompassing human resources, service culture and delivery, yield management, food & beverage services, design, business...More>>

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Billionaire's plans to build world's biggest hotel in Cairns put on ice   24 Nov, 2014

A Hong Kong billionaire has put on hold plans to buy a casino in Cairns, Australia, and build a multibillion-dollar resort nearby amid regulatory delays, reports The Age. Tony Fung's Aquis Casino Acquisitions has offered about $217 million to take over Reef Casino Trust, which owns the Reef Hotel...More>>

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Accor to open three more hotels in Scotland   24 Nov, 2014

French-owned hotel operator Accor has announced plans to open three more hotels in Scotland, two in Edinburgh and one in Glasgow. As thew BBC reports, the new openings will bring the group's portfolio in Scotland to 21.More>>

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China continuation: Sunshine Insurance acquires Sydney Sheraton for large sum   24 Nov, 2014

Looks like China-based insurance companies sure have a taste for hotels, these days. Today we learn that Starwood Hotels & Resorts Worldwide has sold the Sheraton on the Park, in Sydney, Australia, to Sunshine Insurance Group Corporation AUS$463 million, which equates into around US$399 million....More>>

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NATHIC panel highlights strength and optimism in the hotel industry   21 Nov, 2014

Brand executives set the stage during the “View From the Top” general session panel. Speakers representing every hotel segment from economy to luxury agreed that major industry fundamentals share strong growth across the board. More>>

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Caesars Entertainment proposes restructuring as a REIT    21 Nov, 2014

Under the plan, the Caesars Entertainment Operating Co. division would split in two parts: a REIT and an operating company that would manage the REIT's properties. The division operates 44 properties. The company's portfolio includes more than 42,000 guestrooms worldwide.More>>

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American Hotel Income Properties buys four-property portfolio   21 Nov, 2014

The properties were purchased for $41.0 million before customary closing and post-acquisition adjustments. The purchase price does not include a $2.5 million restricted cash reserve for the completion of brand mandated property improvement plans (PIPs). The acquired properties contain 353 total...More>>

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Pandox to operate the Grand Hotel Oslo   21 Nov, 2014

The company will take over starting March 1. Pandox Operations currently operates 16 Pandox-owned hotels, and this is the first property it will manage that is owned by another company. The 292-room Grand Hotel Oslo opened in 1874.More>>

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Banyan Investment Group acquires Tennessee Hampton Inn   21 Nov, 2014

the 101-room, four-floor Hampton Inn & Suites on North Thompson Lane in Murfreesboro, Tenn., was acquired by Banyan Investment Group, alongside InLight Capital. The Hampton Inn has 1,078 square feet of meeting space, a business center, a fitness center and a seasonal outdoor swimming pool.More>>

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Marcus & Millichap sells Radisson in Washington, D.C.   21 Nov, 2014

The hotel was sold for $10.45 million, or $56,800 per room. David Greenberg, VP investments in Marcus & Millichap's Fort Lauderdale office, along with Jonathan Ruprai, senior associate, and Dennis Hopper, associate, both in the firm's Tampa office, represented the seller, Philadelphia-based AMC...More>>




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