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Value Place to Invest $131 Million in Florida

Value Place to Invest $131 Million in Florida

MIAMI—Value Place announced today it plans to invest $131 million to purchase land and develop 15 new corporate extended-stay properties in the greater Miami region over the next two years. Construction of the first 124-unit property is slated to begin ...

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Hotel Commonwealth Plans for Expansion

Hotel Commonwealth Plans for Expansion

BOSTON—Hotel Commonwealth, an independent boutique hotel located in Boston’s Back Bay, announced plans to add 94 hotel rooms and more than 14,000 square feet of indoor/outdoor event space to complement the property’s existing 149 hotel rooms and 30,000 square feet ...

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Michael Mina Opening Restaurant at the Fontainebleau

Michael Mina Opening Restaurant at the Fontainebleau

MIAMI BEACH—Award-winning chef and restaurateur Michael Mina and Fontainebleau Miami Beach announced that Michael Mina 74 is opening this November in the main lobby of the Fontainebleau. Michael Mina 74 will be the first concept of its kind created uniquely ...

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Extended Stay America Expects IPO to Reach $500 Million

When Extended Stay America, owned by Blackstone Group, Centerbridge Partners LP and Paulson and Co., filed plans for an initial public offering back in July, the company filed with a placeholder amount of $100 million. But according to this report ...

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Building Diversity in the Hotel Industry

Building Diversity in the Hotel Industry

The Lodging HR & Diversity Summit is heading to the Georgetown University Hotel and Conference center in Washington, D.C., for its second year Oct. 29-30. The two-day educational event brings together hotel owners, executives, HR professionals, thought leaders, and academics ...

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