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Hotel Earnings More Robust as Transactions Increase

Hotel Earnings More Robust as Transactions Increase

The halfway point of 2015 marked further growth for the lodging industry. Hotel transaction volume increased modestly during the first half of 2015 as privately held equity funds and hotel companies continued their disposition strategies. From January to June of ...

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La Quinta Sells 24 Properties

La Quinta Sells 24 Properties

IRVING, Texas—La Quinta Holdings Inc. today announced that it has signed a definitive purchase and sale agreement to sell 24 owned hotels. This portfolio is geographically dispersed and the vast majority of these hotels will be removed from the La ...

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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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Ashford Hospitality Trust Acquires Minneapolis Hotels

Ashford Hospitality Trust Acquires Minneapolis Hotels

Ashford Hospitality Trust, Inc. announced that it has signed a definitive agreement to acquire two Minneapolis hotels, the 229-room W Minneapolis Hotel—The Foshay, and the 60-room Le Meridien Chambers Minneapolis hotel, for total consideration of $101 million in cash. As ...

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SBE Forms Real Estate Development Business

SBE Forms Real Estate Development Business

LOS ANGELES—SBE, the Los Angeles-based hospitality company that develops, manages, and operates hotels, restaurants, and nightclubs, announced the formation of an international real estate development subsidiary, Dakota Development. The Dakota team, which has developed more than 80 projects for SBE, ...

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