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Proper Hospitality Unveils Plans for Second Hotel Brand

Proper Hospitality Unveils Plans for Second Hotel Brand

LOS ANGELES—Proper Hospitality has announced plans for its second hotel brand, Avalon Hotels, as it assumes management of the Avalon Hotel Beverly Hills and the Viceroy Palm Springs this month. The recently-formed hospitality company, which launched its Proper Hotels brand ...

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U.S. Overtakes China as Top Real Estate Investment Market

U.S. Overtakes China as Top Real Estate Investment Market

The United States has overtaken China to become the world’s largest real estate investment market, according to research published by Cushman & Wakefield. With better relative economic growth, quantitative easing, and low interest rates all continuing to encourage investors to ...

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Total U.S. Hotel Investment Tops $30 Billion

Total U.S. Hotel Investment Tops $30 Billion

In 2014, total investment in the U.S. lodging industry was an estimated $30.8 billion, reports Lodging Econometrics. Of the 1,292 hotels that were transacted, 935 reported a selling price into the public domain. The average selling price per room for ...

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Marriott International to Offer Apple Pay

Marriott International to Offer Apple Pay

BETHESDA, Md.—Marriott International, Inc. has announced it will launch Apple Pay payment service. This represents the latest step in Marriott’s creation of a complete mobile-powered travel experience. The phased introduction this summer in the U.S. will include brands in popular ...

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AJ Capital Partners Acquires Doubletree Richmond Downtown

AJ Capital Partners Acquires Doubletree Richmond Downtown

RICHMOND, Va.—AJ Capital Partners has announced that it has acquired the former Doubletree by Hilton Hotel Richmond Downtown in Richmond, Virginia. The property will be closed to facilitate a comprehensive renovation and will open as the Graduate Richmond in early ...

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