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Marriott Sells the Westin Maui Resort & Spa

Marriott Sells the Westin Maui Resort & Spa

Marriott International today announced it has completed the sale of its long-term leasehold interest in The Westin Maui Resort & Spa, Ka’anapali for approximately $317 million. Marriott will continue to manage the 759-room property under a long-term management agreement. The ...

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Mumford Company Reports Strong Year

Mumford Company Reports Strong Year

NEWPORT NEWS, Va.—Mumford Company, a full-service hospitality brokerage advisory firm since 1978, announced its 2016 results and forecasted 2017 to be another solid year. They reported transaction value holding steady with average deal size continuing to grow considerably over past ...

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Positive Buzz Permeates Hunter Hotel Conference

Positive Buzz Permeates Hunter Hotel Conference

Last week, hotel owners, financiers, developers, and all other manner of hospitality professionals congregated at the Marriott Marquis in Atlanta, Ga., for the 29th Annual Hunter Hotel Conference. The atmosphere at the event, which took place from March 22 to ...

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PMZ Realty Capital Arranges $110 Million in Financing

PMZ Realty Capital Arranges $110 Million in Financing

NEW YORK—PMZ Realty Capital, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, announced it arranged $110 million in financing for its clients this year. PMZ remains bullish on the remainder of ...

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Select-Service Hotels Prove Efficient, Profitable

Select-Service Hotels Prove Efficient, Profitable

The definition of “select-service” within the lodging industry may vary from person to person, but there is no doubt that properties in this segment are the most popular among developers. Using the broadest definition of select-service, this category comprised an ...

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Why Independent Hotels Are Thriving

Why Independent Hotels Are Thriving

The data has spoken. In 2016, sweeping uptakes in occupancy, average daily rate (ADR), and revenue per available room (RevPAR) revealed that independent hotel properties outperformed their branded brethren. Now, we find ourselves at the point in the lodging cycle ...

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