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Anbang Abruptly Pulls Starwood Offer

The Starwood sale saga appears to be coming to a close now that Anbang Insurance Group has withdrawn its $14 billion bid to acquire the company. Anbang and its partners decided not to follow through on its raised offer due ...

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Illegal Airbnb Sites Costing L.A. Residents

If Airbnb operators in Los Angeles were to remit the same room taxes and fees paid by hotels, the popular home-sharing site would owe the city $41 million a year, according to the second phase of a study conducted by ...

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Yellen Caution Lifts Global Stocks

After Federal Reserve Chairwoman Janet Yellen justified a slow rate raise due to global and financial uncertainties, global stocks and commodities like crude oil experienced a boost. For stocks to climb higher still, investors will be looking for improvement on ...

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Wealthy Millennials Changing Luxury Travel

According to FutureCast, nearly one quarter of U.S. adults making more than $500,000 per year are millennials. That’s good news for hotel brands, who have been targeting the demographic due to its collective love of travel, with nearly 80 percent of ...

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