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Blackstone Aims to Turn Around Cosmopolitan

Blackstone Aims to Turn Around Cosmopolitan

Blackstone Group expects to spend up to $200 million to turn around The Cosmopolitan of Las Vegas, which the firm acquired for $1.73 billion in December, according to the Wall Street Journal. Deutsche Bank, which took control of the hotel ...

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Starwood President and CEO Frits van Paasschen Resigns

Starwood President and CEO Frits van Paasschen Resigns

Starwood Hotels & Resorts Worldwide today announced that Frits van Paasschen has resigned as president, chief executive officer, and a director. Adam Aron, a Starwood director since 2006, has been named CEO on an interim basis while the board conducts ...

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Forbes Travel Guide Adds 18 New Five-Star Hotels

Forbes Travel Guide Adds 18 New Five-Star Hotels

Forbes Travel Guide today unveiled its 57th list of worldwide star rating recipients, including 18 new five-star hotels, 46 new four-star hotels, and 26 new hotels in the recommended category. This year, the company welcomed its first star-rated properties in ...

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AH&LA, AAHOA Join Coalition to Save Local Businesses

AH&LA, AAHOA Join Coalition to Save Local Businesses

The American Hotel & Lodging Association and the Asian American Hotel Owners Association have joined in the launch of the Coalition to Save Local Businesses (CSLB), a group of local business owners and other small business leaders who seek to ...

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Starwood to Spin Off Vacation Ownership Business

Starwood to Spin Off Vacation Ownership Business

Starwood Hotels & Resorts Worldwide today announced plans to spin off its vacation ownership business, Starwood Vacation Ownership (SVO), into a separate publicly traded company, according to a news release. In addition to accelerating Starwood’s ongoing asset light transformation, the ...

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