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The Top and Bottom Lines

Developers are attracted to extended-stay (ES) hotels because of the relative simplicity of their operations and their high profit margins. Low levels of staffing combined with limited offerings of services and amenities allow for a significant portion of topline revenues ...

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The James New York Trades for $85 Million

The James New York Trades for $85 Million

NEW YORK—Brack Capital Real Estate (BCRE), a global real estate investment and development company, announced today that The James New York was sold for approximately $85 million. Operations will remain unchanged as Denihan Hospitality Group will carry on management, along ...

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Crowne Plaza Edinburgh-The Roxburghe Opens

Crowne Plaza Edinburgh-The Roxburghe Opens

InterContinental Hotels Group (IHG) announced the opening of Crowne Plaza Edinburgh-The Roxburghe, located on Charlotte Square. The 198 room hotel is a Category A Listed Building, originally designed as a series of quintessential townhouses by Robert Adam, the Scottish neoclassical ...

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