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Strategic Hotels and Resorts Completes Exit from Europe

Strategic Hotels and Resorts Completes Exit from Europe

CHICAGO—Strategic Hotels and Resorts Inc. has announced the closing of the sale of the Marriott London Grosvenor Square hotel and the acquisition of the remaining 50 percent ownership interest in the Fairmont Scottsdale Princess. Combined with the previously completed sale ...

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Hyatt to Introduce Two New Brands to China

Hyatt to Introduce Two New Brands to China

CHICAGO—As the first Hyatt Place hotel in China prepares to open in May, Hyatt Hotels Corporation announced several new Hyatt Place and Hyatt House projects that will introduce these two Hyatt brands to China. “With the introduction of the Hyatt ...

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Airbnb Near Deal with Portland Over Short-Term Rentals

Airbnb Near Deal with Portland Over Short-Term Rentals

Online vacation-rental service Airbnb, which has been operating in Portland outside of the land-use rules that govern other short-term lodging, says it’s near a deal with the city to collect taxes on those rentals, according to this article from The ...

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Aloft Brand to Debut in Australia

Aloft Brand to Debut in Australia

SYDNEY—Starwood Hotels and Resorts Worldwide has announced that its Aloft Hotels brand will soon enter the Australian market for the first time. Owned by BAAC Pty Ltd, an affiliate of BGC (Australia) Pty Ltd, the 224-room Aloft Perth Rivervale will ...

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La Quinta to Raise Up to $781 Million in IPO

La Quinta to Raise Up to $781 Million in IPO

Blackstone-backed La Quinta is seeking to raise as much as $781 million in its U.S. initial share sale. La Quinta plans to sell 37.2 million shares for $18 to $21 each, according to a filing today with the Securities and ...

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