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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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Ian Schrager Ready to Sell Public Chicago Hotel

Ian Schrager Ready to Sell Public Chicago Hotel

Boutique hotelier Ian Schrager and financial partner Morgan Stanley Real Estate Funds are putting the Public Chicago hotel up for sale less than four years after it opened, according to Crain’s Chicago Business. Schrager told the news outlet that the ...

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Chinese Insurer to Buy Baccarat Hotel for $230 Million

Chinese Insurer to Buy Baccarat Hotel for $230 Million

A Chinese insurer has agreed to purchase the Baccarat Hotel in Midtown Manhattan from Starwood Capital Group for $230 million, the Wall Street Journal reports. Sunshine Insurance Group is paying more than $2 million per room for the luxury property, ...

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