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Baha Mar Delays Opening

Baha Mar Delays Opening

Baha Mar, the $3.5 billion, 2,200-room megaresort in Nassau, Bahamas, will not begin its phased launch on March 27 as planned, according to Travel Pulse. The opening has been pushed back to early May. Officials blamed the latest delay on ...

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La Quinta Announces Secondary Offering

La Quinta Announces Secondary Offering

La Quinta Holdings announced that certain selling stockholders affiliated with The Blackstone Group have commenced a secondary offering of 17,500,000 shares of La Quinta common stock. According to a news release, the underwriters will have a 30-day option to purchase ...

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Equity Funds Invest $7.4 Billion in 2014

Equity Funds Invest $7.4 Billion in 2014

In 2014, investment totaled $22 billion in the United States for hotels with a reported selling price, according to Lodging Econometrics. Equity funds were the most active investors, adding $7.4 billion in hotels, most of which were portfolio purchases. Publicly ...

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AH&LA Pushes Against Deceptive Online Booking Sites

AH&LA Pushes Against Deceptive Online Booking Sites

With nearly one third of all travel spending being done through online channels, Katherine Lugar, president and CEO of AH&LA, took to The Hill newspaper to stress the need to protect consumers from the “scams, rogue vendors, false advertising and consumer abuses” that ...

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