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Asia Pacific’s First Hyatt Place Opens

Asia Pacific’s First Hyatt Place Opens

CHICAGO—Hyatt Hotels Corporation has announced the opening of Asia Pacific’s first-ever Hyatt Place hotel in the Dongmen district of Shenzhen, a southern Chinese city bordering Hong Kong. Hyatt Place Shenzhen Dongmen marks the official arrival of the Hyatt Place brand ...

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Accor Purchases 97 Hotels In Europe

Accor Purchases 97 Hotels In Europe

Accor announced that its HotelInvest business has agreed to purchase two real estate portfolios representing 86 and 11 hotels respectively (12,838 rooms) for a total consideration of about 900 million euros. “These transactions send a strong signal of our capability ...

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Pebblebrook Hotel Trust Acquires the Prescott Hotel

Pebblebrook Hotel Trust Acquires the Prescott Hotel

BETHESDA, Md.—Pebblebrook Hotel Trust has acquired the Prescott Hotel for $49 million. The 160-room hotel is located in the heart of Union Square in San Francisco, Calif. The property will continue to be managed by Kimpton Hotels & Restaurants. “We’re ...

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Hyatt to Develop Hotel Within Historic Castle in Baden-Baden

Hyatt to Develop Hotel Within Historic Castle in Baden-Baden

CHICAGO—Hyatt Hotels Corporation has announced that a Hyatt affiliate has entered into an agreement with Badriah Investments B.V. to develop a Hyatt-branded hotel within a 16th century castle in Baden-Baden, located in southwestern Germany. “We are thrilled to have the ...

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Kimpton to Convert Historic R.J. Reynolds Building

Kimpton to Convert Historic R.J. Reynolds Building

SAN FRANCISCO—Kimpton Hotels & Restaurants has announced a new partnership with Philadelphia-based PMC Property Group to convert one of the most iconic and historically significant properties in Winston-Salem, N.C.—the R.J. Reynolds Building—into the city’s first luxury boutique hotel, which will ...

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Recovery Accelerates with Strong Growth in Group Demand

Recovery Accelerates with Strong Growth in Group Demand

NEW YORK—An updated lodging forecast released by PwC US anticipates lodging recovery will enter a new phase, with continued strengthening in group demand and rebounding economic momentum supporting a solid 6.5 percent RevPAR growth in 2014. Despite a weak first ...

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