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W.P. Carey Acquires Six Courtyard Hotels

W.P. Carey Acquires Six Courtyard Hotels

NEW YORK—W. P. Carey Inc., a real estate investment trust specializing in corporate sale-leaseback and build-to-suit financing, and the acquisition of single-tenant net lease properties, announced that it has acquired a portfolio of six Courtyard by Marriott hotels for approximately ...

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Luxury Collection Restores St. Anthony Hotel

Luxury Collection Restores St. Anthony Hotel

SAN ANTONIO—The Luxury Collection Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide, Inc., today announced, together with its owner partner BC Lynd, the completion of a multi-million dollar restoration of the historic St. Anthony hotel. Built in 1909 ...

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Why the Hotel Industry Is Not Afraid of Airbnb

Although Airbnb is worth more than any current hotel chain at $25 billion, hotels are not too frightened by the threat it poses for a number of reasons, according new research from Morgan Stanley. One reason is that the hotel ...

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FelCor’s Rick Smith Ready to Go on the Offensive

FelCor’s Rick Smith Ready to Go on the Offensive

When Rick Smith became chief financial officer of FelCor Lodging Trust in 2004, the Irving, Texas-based company owned a lot of assets that didn’t make sense in a REIT model. These 25- to 30-year-old, side-of-the-road hotels in secondary and tertiary ...

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