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Geller Investment Acquires Marriott Georgetown Hotel

Geller Investment Acquires Marriott Georgetown Hotel

CHICAGO—Geller Investment Co. and Wanxiang America Real Estate Group (WAREG), two Chicago-based companies, have announced their acquisition of the 470-room Washington Marriott Georgetown Hotel, which is now completed. “We are delighted to have acquired this centrally located Washington, D.C. property ...

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Starwood Opens Third Aloft in New York City

Starwood Opens Third Aloft in New York City

STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide, Inc. has announced that Aloft, the innovative hotel brand for today’s hyper-connected global traveler, has expanded its New York City portfolio with the opening of its first Aloft hotel in the Financial District. Owned ...

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Fitch Ratings Sounds Off on RevPAR Deceleration

Fitch Ratings Sounds Off on RevPAR Deceleration

NEW YORK—In a new report, Fitch Ratings answers the questions it is most often asked regarding the U.S. Lodging C-Corps and REITs. Fitch believes that U.S. lodging fundamentals remain healthy given continued, solid U.S. economic growth and measured new lodging ...

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Margaritaville Goes Hollywood (Florida)

Margaritaville Goes Hollywood (Florida)

HOLLYWOOD, Fla.—The all-new Margaritaville Hollywood Beach Resort has opened its doors to the public. Set on the Hollywood Beach Broadwalk, the new-build 349-room resort offers guests the opportunity to enjoy an array of unique amenities, multiple diverse restaurant and bar ...

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Aloft Hotels Dives into Indiana Market

Aloft Hotels Dives into Indiana Market

STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide, Inc. has announced it will introduce its rapidly expanding Aloft Hotels brand to South Bend, Ind., following a strategic conversion that will help accelerate the city’s downtown revitalization. Slated to open in January 2017, ...

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