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Carey Watermark Acquires Westin Pasadena for $142.5 Million

Carey Watermark Acquires Westin Pasadena for $142.5 Million

NEW YORK—Carey Watermark Investors Incorporated (CWI) announced that it has acquired the Westin Pasadena hotel. The full-service hotel includes 350 guestrooms and is located in downtown Pasadena, Calif. The acquisition price was $142.5 million. The Westin Pasadena is a Four ...

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Karisma and Viacom Sign Agreement to Develop Nickelodeon Hotels

Karisma and Viacom Sign Agreement to Develop Nickelodeon Hotels

MIAMI—Karisma Hotels & Resorts and Viacom International Media Networks (VIMN), a division of Viacom Inc., have signed an agreement to develop Nickelodeon Hotels. A Gourmet Inclusive collection of family-friendly properties, Nickelodeon Hotels will represent the first and only international hotels ...

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Noble Investment Group, Hyatt Debut South Carolina Property

Noble Investment Group, Hyatt Debut South Carolina Property

ATLANTA—Noble Investment Group and Hyatt Hotels Corporation today announced the opening of Hyatt Place Columbia/Downtown/The Vista in Columbia, South Carolina. The hotel is located within The Vista, a dining and shopping district, and proximate to major downtown area businesses, the ...

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21c Museum Hotels Opens in North Carolina

21c Museum Hotels Opens in North Carolina

DURHAM, N.C.—21c Museum Hotels has announced the opening of its fourth property in downtown Durham. 21c Durham is an adaptive reuse of the Hill Building, originally built in 1937. The property mixes contemporary design with historic Art Deco details and ...

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Hotel Occupancy to Hit Record High in 2015

Hotel Occupancy to Hit Record High in 2015

ATLANTA—The U.S. lodging industry will continue to achieve very strong growth in rooms revenue per available room (RevPAR) during both 2015 and 2016, according to the recently released March 2015 edition of PKF Hospitality Research’s (PKF-HR) Hotel Horizons. The report ...

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