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New Starwood Offer Might Delay Marriott’s Ratings Momentum

New Starwood Offer Might Delay Marriott’s Ratings Momentum

NEW YORK—Fitch Ratings continues to see positive ratings momentum for Marriott International stemming from its planned merger with Starwood Hotels & Resorts. However, less creditor friendly financial terms associated with Marriott’s revised offer for Starwood increases execution risk and will ...

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Preferred to Launch 24 Properties in 2016

Preferred to Launch 24 Properties in 2016

CHICAGO—Preferred Hotels & Resorts, announces 24 new properties worldwide scheduled to launch before the end of the year, presenting options for travelers in both new and timeless destinations. Monument Hotel—Launching March 2016 This new five-star palace hotel housed in a ...

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China’s Aggressive Approach to Hotel Acquisitions

China’s Aggressive Approach to Hotel Acquisitions

NEW YORK—Decelerating industry fundamentals and weakness in forward-looking equity market prices for hotel-related companies hasn’t kept Chinese companies from dominating the hotel investment landscape recently, according to Fitch Ratings. Chinese investors have been aggressively bidding on mostly upper-tier hotel assets ...

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Room Mate Hotels Opens in Milan, Malaga

Room Mate Hotels Opens in Milan, Malaga

MADRID—Room Mate Hotels continues its rapid global expansion plans with the launches of two new boutique properties in Europe: Room Mate Giulia in Milan and Room Mate Valeria in Malaga. The Madrid-based company has eight additional hotel openings planned for ...

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WaterWalk Inks $150 Million Deal with Rockford Development

WaterWalk Inks $150 Million Deal with Rockford Development

WICHITA, Kan.—WaterWalk Hotel Apartments, Jack DeBoer’s fifth national brand, has executed an agreement with a Rockford Development Group venture, led by Paul Roberts of Rockford and hotel industry veteran Rob Mossburg, to initially develop eight WaterWalk franchises. The properties will ...

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