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Jordache Investment Arm Buys Setai Miami Beach

Jordache Investment Arm Buys Setai Miami Beach

MIAMI BEACH, Fla.—Nakash Holdings, the investment company controlled by the founders of Jordache Enterprises of designer jeans fame, has purchased the 130-room Setai Hotel in South Beach, Fla., for nearly $90 million. The hotel’s amenities include three newly renovated infinity ...

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Market Boasts Near Perfect Conditions for Development

Market Boasts Near Perfect Conditions for Development

Favorable economic conditions, record-setting operating metrics, and a positive outlook for the next few years have combined to make this an opportune time for hotel developers. The hotel construction pipeline surged forward to a five-year high in Q3 with 3,516 ...

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JW Marriott Hotels & Resorts Expands Asia Presence

JW Marriott Hotels & Resorts Expands Asia Presence

HONG KONG—Marriott International’s luxury hotel brand, JW Marriott Hotels & Resorts, plans to open three properties in Greater China and one hotel in India by summer 2015, bringing the brand’s Asia-Pacific portfolio to 28 hotels and resorts with 11 in ...

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Pebblebrook Acquires the Revere Hotel Boston Common

Pebblebrook Acquires the Revere Hotel Boston Common

BETHESDA, Md.—Pebblebrook Hotel Trust has acquired the Revere Hotel Boston Common, an attached 826-space parking garage, and an adjacent land parcel for $260.4 million. The 356-room hotel is located in the historic Theater District of downtown Boston, Mass. “We’re thrilled ...

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