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MCR Development Acquires 18-Hotel Portfolio for $206M

MCR Development Acquires 18-Hotel Portfolio for $206M

MCR Development has acquired a portfolio of 18 Marriott and Hilton hotels for approximately $206 million. Collectively, the portfolio represents 1,787 rooms across 11 states in growing cities including Charlotte, Savannah, Cincinnati, Tulsa, and San Antonio. The portfolio has an ...

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Mandarin Oriental Confirms Credit Card Breach

Mandarin Oriental Confirms Credit Card Breach

Mandarin Oriental has confirmed that the credit card systems in an isolated number of its hotels in the United States and Europe have been accessed without authorization, according to a company statement. None of the company’s hotels in Asia were ...

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Carlson CEO Trudy Rautio Retires

Carlson CEO Trudy Rautio Retires

Carlson today announced that Trudy Rautio, president and CEO, will retire from the company after 18 years of service. During Rautio’s tenure as Carlson CEO, the company launched two new hotel brands (Radisson Red and Quorvus Collection), sold the TGI ...

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IHG Report Shows Scale of China Outbound Opportunity

IHG Report Shows Scale of China Outbound Opportunity

Favorable economic and demographic trends shaping the Chinese travel market are set to fuel huge increases in demand for international travel over the next decade, according to The Future of Chinese Travel report, published by InterContinental Hotels Group and Oxford ...

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