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Hot Outlook for Hotels During the Winter Months

Hot Outlook for Hotels During the Winter Months

NEW YORK—Hotels in major North American markets are continuing to experience steady growth in both rate and occupancy across all travel segments, according to data from the August 2014 TravelClick North American Hospitality Review (NAHR). “While summer may be coming ...

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Taking Advantage of New Hotel Tax Incentives

Taking Advantage of New Hotel Tax Incentives

Hotel owners now have a multitude of tax benefits available to them. These benefits come in the form of both conventional tax incentives like cost segregation, which has recently undergone changes, to incentives that help save energy, like alternative energy ...

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PKF: Caribbean Hotels Steadily Improving

PKF: Caribbean Hotels Steadily Improving

ATLANTA—PKF Consulting USA (PKFC), a CBRE company, announced today that the average Caribbean hotel enjoyed an 18.6 percent increase in net operating income (NOI) during 2013, according to its newly released 2014 edition of Caribbean Trends in the Hotel Industry. This ...

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IHG to Sell InterContinental Paris – Le Grand for $442M

IHG to Sell InterContinental Paris – Le Grand for $442M

InterContinental Hotels Group today announces that it has received a binding offer from Constellation Hotels Holding Limited to acquire InterContinental Paris – Le Grand. The proposed purchase price is $442 million, payable in cash at completion. Constellation has made a ...

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Laurus Corporation Acquires Marriott Warner Center Hotel

Laurus Corporation Acquires Marriott Warner Center Hotel

WOODLAND HILLS, Calif.—Laurus Corporation, a U.S.-based private real estate investment and development firm, has acquired the Marriott Warner Center hotel in Woodland Hills, Calif. Woodland Hills is located in the heart of Los Angeles County’s San Fernando Valley region, an ...

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