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HHM Acquires Best Western Tria

HHM Acquires Best Western Tria

PHILADELPHIA—HHM has announced that it now owns and manages the Best Western Tria in Cambridge, Mass., further expanding its private-investment platform and management footprint in the dynamic Boston market. The company plans to extensively renovate the 121-room property, with upgrades ...

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Carey Watermark Acquires Seattle Marriott Bellevue

Carey Watermark Acquires Seattle Marriott Bellevue

NEW YORK—Carey Watermark Investors 2 (CWI 2), a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired the Seattle Marriott Bellevue. The newly developed hotel includes 384 guestrooms and is ...

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Deal Roundup: The Latest Sales and Acquisitions

Deal Roundup: The Latest Sales and Acquisitions

Earlier this month, Hong Kong-based Mandarin Oriental International announced it will be acquiring Mandarin Oriental Boston. The 148-room hotel and 85-unit luxury condominium building in the Back Bay will be purchased for $140 million, a price equal to $945,945 per ...

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Laurus Acquires Vail Cascade Resort and Spa

Laurus Acquires Vail Cascade Resort and Spa

LOS ANGELES—Laurus Corporation, a private real estate investment and development firm, has announced it has acquired Vail Cascade Resort and Spa, one of Vail’s only true ski-in/ski-out hotels. Beginning April 2016, the 292-room Vail Cascade Resort and Spa will undergo ...

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HHM Acquires Residence Inn Philadelphia Conshohocken

HHM Acquires Residence Inn Philadelphia Conshohocken

HHM has announced that it has acquired and will assume management of the Residence Inn Philadelphia Conshohocken, expanding its new and growing private-investment platform. The 137-room all-suite hotel in the Marriott brand family was extensively renovated in 2014 and now ...

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Deal Roundup: The Latest Sales and Acquisitions

Deal Roundup: The Latest Sales and Acquisitions

Earlier this month, AccorHotels reached a deal with the Qatar Investment Authority, Kingdom Holding Company of Saudi Arabia, and Oxford Properties, an Ontario Municipal Employees Retirement System company, to buy FRHI Holdings, parent company of the Fairmont, Raffles, and Swissôtel ...

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