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Related Group, Dezer Development Acquire Hyde Midtown Suites

Related Group, Dezer Development Acquire Hyde Midtown Suites

MIAMI—The sale of the Hyde Midtown 60-room hotel to a New York investor that already owns hotel properties in South Beach kicked off discussions at Hyde Midtown, where The Related Group and Dezer Development revealed the $30+ million acquisition of the property’s David Rockwell-designed hotel ...

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Trump Brand Under Scrutiny

With Donald Trump leading the GOP race for the White House, the Trump brand and its business dealings are getting the harsh spotlight treatment. The New York Times delves into Trump’s real estate deals in New York City, citing previous bankruptcies ...

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On the Move: This Week’s Comings and Goings

On the Move: This Week’s Comings and Goings

La Quinta didn’t have to look far for its new chief executive. The company announced it has appointed Keith Cline to serve as president and CEO, effective immediately. In addition, Jim Forson has been named the company’s EVP and CFO. ...

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End to Caesars Bankruptcy in Sight

Caesars Entertainment Corp.’s operating unit has been battling in bankruptcy court for more than a year now, but an end to the Chapter 11 restructuring of the division may be in sight with the upcoming release of a court-appointed examiner’s ...

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IHG Latest Brand to Ban Pornography

InterContinental Hotels Group (IHG) is the latest brand to do away with on-demand adult entertainment. IHG is banning the pay-per-view programming at its 5,000 properties, including the Crowne Plaza and Holiday Inn brands. The company already had a standard that compelled franchisees not ...

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Trouble Looms for Airbnb in Japan

Although the number of Airbnb guests in Japan jumped 500 percent last year, the company is still facing issues in the country. Some communities are banning vacation rentals altogether, as they maintain that the public should stay in hotels, not ...

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