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RLHC to Enter Joint Venture to Acquire The Quincy in D.C.

RLHC to Enter Joint Venture to Acquire The Quincy in D.C.

SPOKANE, Wash.—A subsidiary of RLHC (Red Lion Hotels Corporation) will enter into a joint venture with an affiliate of Shelbourne Capital to acquire The Quincy hotel in downtown Washington, D.C., for an undisclosed amount. A definitive agreement has been signed ...

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The Developing Story: Portland

The Developing Story: Portland

The city that boasts the most breweries in the world—58 and counting—would certainly be a tourist draw. But when it comes to Portland, Ore., a hopping beer scene is not the only thing that sets the location apart from other ...

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Meridian Capital Finances $10 Million on Gregory Hotel

Meridian Capital Finances $10 Million on Gregory Hotel

NEW YORK—Meridian Capital Group arranged $10 million in permanent financing on the Best Western Gregory Hotel located in Brooklyn. The $10 million, 10-year CMBS loan was provided by Rialto Mortgage Finance, L.L.C. and features a fixed rate and interest-only payments ...

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Sizzling Summer Led by Leisure Travel Bookings

Sizzling Summer Led by Leisure Travel Bookings

NEW YORK—Hotels in major North American markets are continuing to experience strong growth driven by increases in average daily rate (ADR), according to data from the July 2015 TravelClick North American Hospitality Review (NAHR). Strong rates and steady bookings are ...

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