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Planning an exit strategy is an essential component of hotel investment that enables investors to align their objectives and goals with a well-defined roadmap for exiting their investment…
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The value of hotel transactions in Ireland fell 30% last year to €350m as the hike in global interest rates hit hard, and the supply of new rooms will likely be limited for some time, with a share of Dublin hotel accommodation remaining contracted…
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Post-tax profits at the business behind the four-star Talbot hotel group and the long-established Wexford-based Pettitt’s supermarkets fell by nearly €2m as inflationary pressures bite…
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Mar Hall Hotel, Golf and Spa Resort has been acquired by Dubai-based Dutco Group, supported by investment and asset management firm, Align Partners…
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Centibillionaire Bill Gates is back in the headlines with his recent acquisition of Downtown Nashville’s Dream Hotel building…
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The $3.5 billion proposal for a major resort north of Squamish hits snag on disagreements on how to proceed an the operating firm's default on loans…
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Iconic Sonoma, Calif., hotel and spa the latest addition to FEG's hospitality vertical - Foley Entertainment Group (FEG), established by businessman and Sonoma Valley vintner, Bill Foley, has acquired Sonoma’s iconic MacArthur Place Hotel & Spa from…
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Slate Property Group and RiseBoro Community Partnership have acquired the shuttered JFK Hilton hotel in Jamaica, Queens, for $64 million, with plans to start converting the site into supportive housing next month, the developers and city officials…
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The tallest hotel in Las Vegas has finally opened its doors after a sitting empty and unfinished for more than 10 years.
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An increase in foreign travel following the reopening of all international borders earlier this year is positively impacting the hospitality industry, with global urban markets such as London, New York and Tokyo emerging as the most appealing for…
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Sydney developer ALAND has joined IHG Hotels & Resorts to open a new premium hotel as part of its $375 million apartment project on the expanding NSW Central Coast…
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Blackstone (NYSE:BX) Inc. has acquired the Moxy Kyoto Nijo, a Marriott International (NASDAQ:MAR) hotel, for ¥8 billion ($54 million), tapping into the flourishing Japanese hospitality market fueled by a robust recovery in tourism…
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Saudi Arabia's PIF sovereign wealth fund will buy a 49% stake in luxury hotel group Rocco Forte Hotels and help to support its expansion, the owner of Britain's Balmoral hotel said on Monday…
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The Sedona Hotel Yangon in Myanmar is set to reopen Friday after an extended shutdown due to COVID-19 and the military's 2021 takeover of the government, with limited demand expected from business travelers and well-off domestic customers…
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Industry leaders explore the intricate balancing act of maintaining brand consistency while allowing room for the individuality and uniqueness that hotels need to flourish in an ever-evolving market.
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During the company's third-quarter earnings call in early November, Choice Hotels International’s new CFO Scott Oaksmith said that Choice had become a “nominal shareholder” of Wyndham Hotels & Resorts as part of its efforts to acquire Wyndham’s…
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“Even though there will be a lot of challenges for doing business between you and us, we are willing to comply with your demands and your guidance,” said Jung Won Ju. The FCT Minister, Mr…
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However, it has also emerged that the former player has also made the unusual move into the hospitality industry in Iceland, with his own hotel around a one-hour drive from his team's ground…
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