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Sheraton Toronto Completes $120 Million Revamp

Sheraton Toronto Completes $120 Million Revamp

TORONTO—Sheraton Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide, Inc., has announced the completion of an extensive $120 million renovation of a flagship property, Sheraton Centre Toronto Hotel, located in the heart of downtown Toronto. The two-year refurbishment ...

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Palisades Hospitality Launches Mosaic Hotel Group

Palisades Hospitality Launches Mosaic Hotel Group

SAN RAFAEL, Calif.—Palisades Hospitality Group (PHG) has announced the addition of Mosaic Hotel Group (MHG) to its other businesses. PHG manages and operates more than 35 hotels & restaurants throughout the Western United States and Mexico. With more than $120 ...

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Oxford Capital Sells $315 Million LondonHouse Chicago

Oxford Capital Sells $315 Million LondonHouse Chicago

CHICAGO—An Oxford Capital Group-led venture with Angelo, Gordon today announces the $315 million sale and 25 year lease-management back of LondonHouse Chicago, at the corner of North Michigan Avenue and Wacker Drive, to Germany’s Union Investment Real Estate. Scheduled to ...

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As Oil Prices Fall, Hotel Occupancy Takes the Hit

After years of successfully capitalizing on the oil and gas workers that visit the Pittsburgh region by investing in surrounding hotels, Tejas Gosai and his family have recently made the decision to auction off three of their four properties following ...

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Japan Starts Fund to Buy Domestic Hotel Debt

Diamond Realty Management, a unit of Japan’s biggest trading company, Mitsubishi, is creating a fund to invest in domestic hotel debt as a way to drive a tourism boom. Real estate investment has the potential to help boost returns for ...

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Airbnb Tax Agreements Still Leave Questions

The path to short-term rental legalization and regulation is an arduous and winding one. Airbnb’s strategy to legalize home-sharing is to pay taxes owed to local city, county, and state governments. According to Airbnb’s global head of public policy, the ...

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